EMR 1.59% $3.71 emerald resources nl

News: EMR Emerald Resources Says Mineral Investment Agreement Approved For Okvau Gold Project, page-29

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    Hey Wullieb, I would like to ask if the management mentioned anything specifically about the financing.

    I know Sprott promised $60Million plus $100Million for development and acquisition.

    I am just not sure if the $100M was at that time aimed at acquiring CMM? and other projects? Not really for the development.

    Thus, one question i have in mind is that we may receive the $60Million for development and Sprott may ask to issue shares. Basically a capital raising of around $40million. So the total of $100M could cover the development.

    Sprott do have customers and they do have often close deals with companies so their customers can participate.

    What is your thoughts about that?
 
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