I would say two counts good and one count bad.

It's bad because it means dilution of the shares, although not by a lot.

It's good because 1) it gives the company cash to run drills, do assays and issue NR's, and 2) they didn't have to go to a broker to get their private placement done, meaning people willing to commit big bucks see a strong future for the company.

Of course, those deep pockets get in cheap!