PDAC was a shorters paradise in the Junior space. Sells into any green appear to be the norm even with tight structure or not. LOT and QIT are evidence of such since Friday.
In addition, the Company closed a unit private placement previously announced Nov 26, 2012. Total proceeds raised were $146,000 on issuance of 1,460,000 units which included one half of one share purchase warrant exercisable $0.15 for a period of two years. The proceeds are for working capital, no finder’s fees were paid and closing is upon final exchange approval. The Company anticipates the announcement of additional funding and more information will be provided as it materializes.
Stockwatch March 1st:
TSX Venture a "zombie" wasteland - Danny Deadlock plus comments
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