My view is that Lenic will issue between 5 and 10 million shares to absorb the Tosca corp. 1/1.5 %. share dilluttion for multi billion dollar future Copper Moly project Many prior drill holes have intersected silver, gold, zinc and lead in this trend. This will double up Aurcana's exploration acreage along the NW trend. ( plus a multi billion $ Moly/Cu deposit )
This will solidify Aurcanas first mover advantage in this area. Aurcana will then pick up many of the propery blocks we have discussed in prior threads
Rholl, I see you've lowered your "share issuance" estimate from 15-25 (from your Sept post) million down to 5-10 now. Tosca's share price has taken a substantial hit (along with most all other juniors) and makes them one hell of a bargain at this time!
I wonder if they will announce this when they (finally) announce the start of commercial production? Hope so.