It may be in the cards if they need some cash to expand. Diluting the company by 10 million shares to raise 25 million from one suitor with no ambition to sell and aid in development plus add 10-20% to the share price overnight would be much more welcome than peddling a pp through some Bay Street schill.
Especially when that Bay Street schill would then go out and short the Company, covering its shorts with the cheap shares from the private placement.