Well... that must rank among the best rights offerings in history. Almost 20 000 CAD was raised. I wonder what the cost was for the rights offering... Probably cost more than they raised.
I was fairly certain they would get 2-3 million and that they would have marketed the rights offering towards the big institutions. That was apparently not the case. Do they now have some private placements coming through because 17 000 CAD will not get much drilling done on the TPW property.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.