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Developing Bellechasse-­Timmins Gold Deposit

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Message: financing

Just a thought on future financing that may have several benefits:
I was involved in a pp a while back where we had a full warrant similar to GNH. The stock rose a fair amount over the initial pp as well as the warrant. In order to raise more cash without excessive dilution the CFO used a method to raise money and reward former pp financiers.
All pp participants were encouraged to buy out their warrants by a specific date. All placees who did so, were given a new warrant approximately 20% over the average of the last 30 days open market share price.
This cleared out the old warrants, raised cash, rewarded shareholders and minimized dilution till the new cash could buy more results. This really put the company into a position to take advantage of the new values with a high dollar PP where they only had to give up a half warrant.
We have a fair amount of money sitting on the sidelines in the form of warrants that could really get some drill core into the shack
Just a thought to consider before we go to a bought deal.

..........imo Carry

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