>>how can KXL complete a $14 million bought deal private placement in just over 2 weeks at 65 cents (FT)<<

These were flow through shares- KXL's losses "flow through" the shares to the buyers, who get to claim the losses on their taxes- KXL doesn't need the losses, since they have no profits to be taxed. The shares end up costing the buyers substantially less than 65 cents- I think the amount of 37 cents was tossed around. The buyers reduce their taxes, and have an immediate profit built into the shares. I'm sure KXL could have sold as many of these as they wanted.