Ann: Fremont Petroleum Corporation completes $1.7m Placement, page-43

Ok A re read you or post . So they raised less shares. 85 m shares pre costs . Costs of 110k off leaves a cool 1.580m .
Junior - care to have a wager . They will be raising more funds my the time the production test the Bird well . Moreover most of these current funds will go in debts owed including debtors and recent debt . Net cash Closer to 500k from this raising . The good news is the market cap is higher post raising.