"Furthermore, ECU announces that it has entered into an agreement with a syndicate of underwriters (the "Underwriters), led by Blackmont Capital Inc. and including TD Securities Inc., whereby the Underwriters have agreed to purchase, on a bought deal basis, 25,000,000 subscription receipts of the Company (the "Subscription Receipts") at a purchase price of $0.70 per Subscription Receipt (the "Issue Price") for aggregate gross proceeds of $17,500,000 (the "Offering")."

I agree. The crooks always win.