Looks like TechStep is right: They've raised as much as they can without getting shareholder approval.
Placement was at a small discount to market price, which is a relief. However, I can't see why they couldn't have waited until the assay results were announced to raise more cash, assuming they have confidence that these results will be good...
The moron who's been giving my posts the thumbs-down needs to wise up. I've been in the mining game for over 20 years, so I've got a pretty good idea what's going on. The announcement confirms what I was saying: they've raised $8.7M and were down to $3.6M at the end of May. That is a significant burn rate for a company with one main grassroots project, which is partly due to the unexpected requirement to switch from RC to diamond drilling method. Get a brain and pay attention to people who have industry knowledge, cretin.
AMX Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
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