Re: Castillian Announces $10 Million Bought Deal Private Placement of

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brattymack

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Re: Castillian Announces $10 Million Bought Deal Private Placement of

in response to

Castillian Announces $10 Million Bought Deal Private Placement of

RockLicker

posted on Mar 06, 2011 08:41AM

Bought deal = great. The money is there.

20 cents per share = Incredbile

$10M = fully funded to do what they need to do for exploration.

I am very confused here though. How do you get a bought deal ABOVE the trading price? Also, why are common shares and flow through shares priced the same?

Either something is awry or there is more than meets the eye. I'll see if I can report back what I find out about this deal. I think CT is great Canadian gold story but I don't understand this deal in the slightest.

I guess it's a big win for CT, but I don't know who would make this deal unless they were VERY confident CT will perform.

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