so there we have it. +$7m in the bank, plus in the money options that will bring in an extra ~$3m once exercised. this sures up the funding.
based on the srk report recommendations, this $10m should get the company through to the 3 years worth of reserves that will be necessary to get the bank finance and get the project up and running.
now to see if the sp pulls back to 15.5c then grab everything i can
Ann: $5 Million Institutional Placement, page-6
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