$16 500 000 in the bank.$85 000 000 from institutional...

$16 500 000 in the bank.
$85 000 000 from institutional investors.
$10 000 000 from current holders.

= $111 500 000!!!! in the bank!!!

That's a hell of a lot of money to progress :

 Definitive Feasibility Study of the Mbalam Project, including mine, process, transport and port infrastructure;
 undertake drilling to define further High Grade mineralisation on the Company’s portfolio of exploration landholdings; and
 provide general working capital.

With all this work to be completed (now guaranteed), the funding will come in good time. If you're in for a quick buck, then good luck. This WILL take time.