Yes, after the first $2m is spent then EV $2.8m
They reached the 2 mil CR target easily I hear, with oversubscriptions.
Actually raised was placed to sophs, not insiders. Will bring some liquidity which was desired.
Lots of enthusiasm around the traps for this project. And the possibility of further acquisitions by O'Keefe is also worth a lot.
Ann: Cott to Aquire Interest in Peru Gold Project, page-24
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