Ann: March 2018 Quarterly Report, page-29

I agree the Sprott loan deal is not the dilution issue...if we assume Bdr raises around 25m usd around the 7cent mark...(this may be higher or lower) we will see 300m to 350m new shares issued....however once we list on the TSX this number of shares drops to somewhere around 20m to 25m...or 15 to 20% of the company....so a total of around 120m shares on the Tsx or there abouts....a small price to pay for clearing the June line...and yes John this has been a painfull ride even with trying to keep my finger firmly on the the bdr pulse....all I can say is lucky for logging....oh and a certain company has just drilled again for gold and silver down the front of my block....you never know...
Cheers
Move that dirt....