Friday, June 13, 2014 12:36:18 PM
Sometimes an RS is neccessary. On the TSX-V the minimum private placement is .05/share so its hard to raise capital this way when the share price is below that threshold.
Nothing is imminent. I think they are just covering all their bases and weighing all options.
We should hear something soon hopefully as to what the plan is.
From what I understand management has been busy and has been working on reduced salaries for some time now.
GLTA & JMO
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