Excellent Job, well done management this is an issue of shares befitting of a company with a large resource to develop.
To existing shareholders that are a bit disappointed with a CR, I am sorry but this had to happen, now we have up to 12 months of funding without a CR and think of all the good news that can come in that 12 months.
This CR is also going to allow plenty of scope to convert options for those lucky enough to hold them.
Stay patient and above all don't sell now - not advice just an opinion.
I really liked this statement below, probably understates the truth some what:
The Placement was strongly supported by Tribeca, one of the Company’s existing large shareholders, who has scaled up, as well as other new domestic and international investors looking to support the Company’s growth aspirations in Ecuador.
TTM Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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