I believe this news is positive as they were able to find CAD600k financing when we were trading sub 20. However, I am not very satisfied with the price of 20 cents.

If history repeats itself; this maybe the start for another run within the coming few months due to the following:

1- Insiders exercised almost 1.2m options at 12

2- PP buyers paid 20 cents with warrants at a double

3- Sales can start pilling within a few months; as they start seeing fruits to their sales pitch (usually takes 6 months to place products onto shelves).

Bottom line, I think that a 60-80 cent exit will be very likely before year end.

MMN