Looks good to me, unlike a normal cap raising this is an rights offer which means existing sahreholders not diluted.
Placement of shares to company to acquire interest also done at 95 cents ie no discount to current price.
Eliminates depleting reserves issue, adds lots of exploration opportunities and allows for plenty of news flow and targets for next 18 months
I really like it on many levels.
I will be particpating in full without a doubt
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