This is "very" positive news. An additional over-allotment "over" the over-allotment. Bought deal... no warrants. This brings their cash position up to about 30 million.
Clearly, if there was this much demand for this financing there are good things to come. Everyone who participated in this financing must have been very satisfied that KXL has a bright future a head of it.
I'm sure there will be more announcements coming in January - Cambridge Show in Vancouver is Jan 17,18th... and PDAC first weekend in Feb.
We are at the bottom folks and moving up from here - IMHO.
GLTA