Am I the only one that feels they are slow financing the build to dilute the rest of us out?
Disclosure of Outstanding Securities Data
As at July 31, 2020 and September 25, 2020, the Company had 63,971,166 common shares, 1,925,000 options, 14,179,287 warrants outstanding. Events After the Reporting Period Subject to regulatory approval, the Company has approved a private placement with Sorcia Mineral LLC (“Sorcia”) of 25,000,000 common shares at a price of $0.10 for proceeds of $2,500,000. Sorcia is a subsidiary of Ensorica Metals Corporation, which holds 3,333,333 common shares and 4,333,333 share purchase warrants entitling it to purchase an additional 4,333,333 common shares of the Company. Assuming exercise of the warrants, Ensorcia would hold 7,666,666 common shares which is 11.98% of the number of shares presently outstanding. On completion of the private placement, Ensorcia will, assuming the exercise of the warrants, directly or indirectly control 32,666,666 common shares which is 36.72% of the 88,971,166 common shares that will be outstanding after completion of the private placement https://webfiles.thecse.com/sedar_filings/00033147/2009251706397457.pdf