Ann: Release of Amended 31 Dec 2018 Quarterly Activities Report, page-20

I think you are correct BK re CR's hitting the raise price very soon after. Sophs (cough cough) simply trade the 20% or so for a stag profit. The company get their funds and the sophs get a quick 20% return. Not in all cases but in many. All depends though on what the CR was for and what gets announced when the shares come back on market. It happens less frequently but it does happen where the share price does that break away thingy and then blue sky! Fingers crossed for the latter!