Nov. 24 at 6:02 PM
$CNIKF I believe some shenanigans are at play. Just today a Global Mining Investment bank announced it would be lead underwriter and purchase for resale 10 million shares at 1.2$ cad or 85 cents usd for a private placement.
And half the share amount as warrants executable at 1.80$ a share
And an option to purchase an additional 2.5 million shares 48 hours prior to closing . Closing is on Dec 11.
This is all for re-sale…
I was gonna sell a portion on open but I’m glad I read the news, atleast we have some sort of price floor