My post from last week:
$500K from the placement minus $30K placement costs. $500k in bank as of end of September minus $160K outflows to end of Dec. All up then approx. $810K in the bank account.
They don't have a lot of money in the bank. Last quarterly report says they are planning a drilling program for Great Western Project. A bit premature therefore to assume raising would be for an acquisition.
Ann: Trading Halt, page-7
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