The $61 million has already been raised via the TSX.Perhaps...

The $61 million has already been raised via the TSX.

Perhaps Accaeric may not have realised this?

In this following article dated 22nd May 2012, Iain Macpherson states:

The TSX IPO raised about C$61 million, which will fund the group through its bankable feasibility study scheduled for next April.

http://www.proactiveinvestors.co.uk/companies/news/43140/elemental-minerals-starting-to-catch-the-eye-as-kola-shapes-up-as-a-world-class-potash-deposit-43140.html