Acclaim last month signed a preliminary agreement with Canada's...

Acclaim last month signed a preliminary agreement with Canada's Goldcorp Ltd to acquire an initial 33 per cent stake in the project for $US5 million ($A5.5 million) plus the issue of $US5 million ($A5.5 million) worth of shares at a price of five cents each.

Might want to clarify this with the company. SkyNews has reported 5c issue but the announcement clearly states .005 which I assume is .5c, or the approximate price of the share at the time of the transaction.