norwest seeks a$5m for aust./uk exploration..., page-6

Yes, plenty of them sunburntland!

There will be a heck of a lot of juniors out there in the same boat atm imo and I wouldn't be surprised to see similar style announcements from others starting to come through the news feeds.

If they want to survive in the current market what's the choice??? They can either choose to capital raise/bond issue/debt raise etc and carry on with business as usual, or shut up shop.

Here's a recent article that talks about how the Australian juniors have been hard hit which could start to drive takeovers & spur a lot of deal-making while equity valuations are depressed ... explains it all pretty well how tough the juniors are doing it atm in the current climate:-

http://www.theaustralian.com.au/business/wall-street-journal/juniors-hard-times-could-drive-takeovers/story-fnay3vxj-1226394847817