Tuesday, April 23, 2019 8:49:06 AM
However, buying shares on the open market doesn't finance ACRL.
If I were Glenn, because ACRL has no room to sell common shares for a private placement cause they have no room in their Authorised is to start a second private Ontario company, raise flow thru (125% tax deductible to Canadians) in it and then JV with ACRL and spend the flow thru on the property drilling..
Problem solved.
Otherwise ACRL are in a bind if they don't Reverse Split or raise their Authorised but they have no money for an AGM so the private solution, above, is a good option.
Good Luck to all Longs
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