Something people need to be aware of regarding dilution, simple...

Something people need to be aware of regarding dilution, simple example:

If you have a company that has 100 shares and a $1 each, so the company value is $100, and it 'issues' another 100 shares (say for payment of something, bonuses etc), so it now has 200 shares, but only a value of $100, then each share is now worth 50c, and its diluted.

If again you start at 100 shares @ $1 each, and you "sell" (capital raise) an extra 100 shares for a $1 each. You now have 200 shares on issue, but a total value of $200, so each share is still worth $1.

Of course thats a simplistic example, its not taking into account the details of this offer, and the impact of options etc.

The main thing i am keen on here, is that TYX will be getting $3.5M in the bank, to continue to do the work it NEEDS to do. Without it cant do much. Should it sell OGX instead? I dont think so, I think that SP has a way to go yet, so Im glad.

With the sale of the barge and money in the bank this should be good.

We need to ensure we have capital in the bank so as not to fall to our knees and get bought out by WPG etc.

Overall this i believe to be great news, the future is looking far more solid than it has in a long time..