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Q: Good morning,
MUX announced new financing last night,it consists of a US $15,000,000 bought deal private place offering of 6,634,000 flow-through common shares priced at US$2.26. This offering price is at a 26% premium to the closing price yesterday of US $1.81. The stock price has been below US$2.26 for 6 weeks, why would anyone pay a 26% premium when they could have bought all the stocks they wanted at a lower price in the open market the last 6 weeks?
Thanks, George

Read Answer Asked by George on December 06, 2018
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