A flow thru Private placement is designed to raise funds for a specific purpose. In this case the money would be used strictly to drill Mcfaulds Lake. Nothing can be used for such things as management fees or office administration costs. The company would issue a tax receipt for the total amount, which you could use to reduce capital gains in other investments. A flo thru PP typically is good for a company such as Noront as they do not need the writeoff, and the money is usually much easier to raise, sometimes at a premium to market. I have done it many times and it is a preferred route to invest for many reasons for me. This would be my preference in this situation when/if necessary to raise funds, but would be secondary to a major taking chunk of the company