There will be no share dilution if you read the announcment. And the last announcment stated drilling this quater which takes us to mid year
The finance will be provided by way of draw down facility at Global Nickel?s election. AUD$12.5m has already been contracted and will be drawn on a rolling basis. The further AUD$10m will be dependent on Global Nickel?s determined needs, particularly in relation to the availability of pre-production assets. As such, the financing facility allows Global Nickel to draw funds as and when necessary. This will assist Global Nickel to avoid unnecessary dilution. Zulu Capital will also arrange investor briefings in Asia in late April prior to the upcoming drilling at the JRGB project area.
GNI Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
