While this is not exciting news, and while I have posted about dilution being the last option for Elmer to consider....it hurts us!

But, we had less than 500k in the bank....so if the buyout or spin out wasn't the next news, the pp was an option. 

With the Eaglehead go ahead on a new RE, funds were needed and possible early payment to district....we didn't have enough cash to accomplish this.

It seems insiders will get one last chance to increase their share count before the fireworks. This wording is the hope I found in the news of a Cuu story conclusion-

"As part of its continuous refinement of operations, the Company is conducting an internal evaluation to identify potential opportunities to optimize its corporate structure. This review is focused on considering strategies for the distinct and efficient management of its mineral properties located in Arizona and British Columbia. This assessment is purely exploratory, and there is no assurance the Company will undertake any form of corporate reorganization".