Hi ResourcesG - they dont need to raise any cash. The deal is a scrip deal so all SYR holders will receive 1for1 CSE shares for whatever they hold in SYR. So if you hold 20,000 SYR shares you will receive 20,000 CSE shares as consideration for selling the project to CSE. CSE already hold about $3m cash and will be embarking on a drill program in the mineral sands as soon a s the deal is approved by shareholders. CSE directors were at the project week before last and I believe they are very excited by the prospects - very high grade - see announcement by CSE.
