"San Gold Corp. has entered into an agreement with a syndicate of underwriters co-led by Scotiabank and CIBC, under which they have agreed to act as underwriters to purchase, on a bought-deal basis, 50,000 convertible unsecured subordinated debentures of the company at a price of $1,000 per debenture, for total gross proceeds of $50-million."

They still have to sell them to someone.