Nora NXI on ME Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nora NXI on ME

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Stella who wrote (295)	2/8/1999 6:02:00 PM
From: Hesham El-Adly	Read Replies (1) of 420

Hi John, very interesting article giving us a bigger picture. Hopefully, the Diaz's negotiation will be done soon. "Nora plans to spend about $3 million this year following up on the study, with $500,000 earmarked for geophysical work, and the balance to be spent on limited sampling. To help fund this program, Léveillé excepts to close another placement by February." The last private placement done by Nora was very disapointing for shareholders since final result will be that up to 4 Millions additional shares (At an extremely low price) will be in circulation. Big dilution is the result based on around 25 Millions existing shares. Hope that the $3 Million private placement will be far better for us. Why not considering other options than equity financing? Regards, DN

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next