Chairman underwriting rights issue, page-8

Thanks @Killa68 I hope you enjoyed your's too!

I must admit, I find a few of the developments surprising.

- DGR had only $2.8m left at the end of last Q and now they have stumped up $2.1m in the AJQ raise. You can see why I thought they wouldn't, but as a holder I think I'm happy they did! (Now will DGR have to raise, issue more CN's to Tribeca or sell some SOLG?)

- I incorrectly assumed they would release further flow rates prior to coming out of suspension. As they haven't you are correct, SP has stalled. Although holding at 11.5c isn't too bad is it? (I guess w'll see what happens today)

The two other elements I found surprising were that:

In the offer document they are raising $10m and are budgeting to have $8.6m left Dec 2018?

So, they only needed to raise $1.4m, yet they raise $10m?

Are they hedging against a possible poor result from 4A? Seems, very strange given the early results seem very encouraging and that retailers will certainly have a good understanding of its success(or not) by 28/08.

Also, if the raise kills the SP momentum, it almost certinaly kills off the 5m 20c options that are about to expire. Who's options are these? Sleeman's?

When will we know if the CN holders have converted?

NM underwriting fee of $1.