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I re-read the release - Cormark & National Bank broker warrants/options aren't mentioned. I thought they got cash/common shares.
I see the $4.80 flow through shares mean that the exploration costs for Kodiak, which don't have Kodiak income to write them off against, get used by the flow through share buyers as tax deductions.
If you know what the broker warrant/option situation is, let me know. Thanks!