The developed mines in the area are owned/run by a few companies. Resolute, Semafor, Endevour and Rox I believe. Resolute own a large part already.
Holders can try get out for evens now and hold options for bonus. Or sell their seed and take profits and run. Or simply just sell. I think most will hold till first drill results, probably 2 months from now, before a general consensus will be either, bad to neutral heavy selling, to neutral to descent results SP rise.
Current management have prior results and have stated they are not looking to develope, just find and offload. The raising will cover what they need to do to find initial traces of gold bearing ore with conversion of options to target specifically gold tonnage.
Ann: Release of Restricted Securities from Escrow, page-8
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