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Re: Announces Closing of Its $17,500,000 Bought Deal Financing
ECU only gets the money upon closing of the mill purchase deal with Hecla and it must close no later than Mar 30th or investors have the option of a return of capital or they can elect to still keep the shares purchased. I expect the final signing of Hecla deal to be shortly and 100% will go through. But keep in mind that 3 sets of lawyers are involved from Mexico plus Canadian lawyers and if you think Canadian lawyers are slow you haven't seen anything.