Jul. 11 at 1:44 PM
$EXK Explanation of offering:
This wasn't a sale, it is just a contract for up to
$60M over the next 24 months for BMO to sell up tp 10M shares if the cash is needed at what ever the market price happens to be at the time. Not much different than a line of credit with some minimal dilution attached. When EXK hits
$7.50 that
$60M would only be 8M shares.....basically negligible, compared to what the
$60M could mean to operations.