Ann: Strategic agreement executed over Cannon Gold Mine, page-6

SAU raised $1,026,000 before costs in October with $1M in hand at the end of September. However, anticipated expenditure for the December quarter was $1,089,000 and so they will have less than $1m by the end of the year. Next year they will need to start funding contributions to the South Korean JVs with Bluebird as well some of their exclusive tenements in SK. Multiple tenements in Australia need attention while the Cannon mine with its new arrangement (which I think is good news) also requires extra expenditure.
I think we can expect a larger CR in 2019, most likely in the 1st quarter. If they give this to "sophisticated investors" then I am less than impressed, but having said that, gold companies that do this usually have their SP go below the sophisticated price fairly quickly. This often provides a better top-up price for existing shareholders.

To me, two key questions in relation to Cannon are what arrangements SAU puts in place for mining and then for processing. Will they go back to WGX again and on what terms?