RNC Gold Inc fka RNC

[seventh son]

> Would not be surprised if Embry/Sprott took most of it.

I have to agree there. Given that there is apparently a lot of money around for private placements recently (according to Lawrence Roulston at least), the financing terms stunk, but there was likely a reason and not necessarily bad for investors. According to SEDI, Randy Martin owns a total of approximately 5 million shares; one has to assume that he is looking out for shareholders given that he himself has most at stake, unless he is like Hunter Dickenson management and sells private placement shares to himself at firesale prices. Assuming he was not in on the placement, the only logical answer is that this financing is tied to promotion -- whoever got the placement will pump the shares, whether by agreement or for their own personal interests. This will be good for the price. Like amarksp, my guess is Sprott/Embry.