This is potentially very exciting news, but I would only have one concern... As is often the case when a Junior is negotiating with a Senior partner , the deal is often sweetened by the junior (or demanded by the senior?), wherein the Junior who is seeking investment in one of their assets , ends up allowing the Senior to not only receieve a percentage of that asset (for an upfront amount of cash and promise to spend $X in development of the project) but also is given the opportunity to participate in a private placement for the entire company. Such an option could potentially highly dilute the company especially at a time where the SP is at a 52 week (?5 year) low.

Cheers,

Luker