HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Sorry to reply to my own post but it was actually 9.7 million, because Wyloo was able to buy in extra at proceed of 3.5 million more. So the total from that PP was 9.7 million. Where the heck did the money go??? Where are the results..

 

In connection with the Private Placement, Wyloo Canada Holdings Pty Ltd. (“Wyloo Canada“) exercised its top-up right to maintain its pro rata equity interest in the Company (the “Wyloo Top-Up“) by subscribing for an additional 12,744,363 Common Shares at the Issue Price (the “Wyloo Top-Up Shares“) for additional gross proceeds of approximately $3.6 million.

Accordingly, the Company issued an aggregate of 34,403,748 Common Shares at the Issue Price for gross proceeds of approximately $9.7 million pursuant to the Private Placement and the Wyloo Top-Up.

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