A cash commission equal to 6% of the gross proceeds of the Offering was paid to BMO in connection with the Offering and compensation warrants were issued to BMO entitling it to purchase up to 1,111,200 common shares of the Company at a price of C$1.35 per common share until April 21, 2013.

I guess that's the price of doing buisness. Inmo short term pain for long term gain.