27 July 2012capital raising announcement▼ BadMajor
The company, now named Chile Mining Technologies Inc., said it did not meet the financial targets for the year ended 31 March 2012 set in the May 2010 private placement. As a result the make-good warrants have vested in full and can be exercised for common stock. This is the dilution trigger set up in 2010; the filing gives no share count or price, though the 2010 terms had a $0.01 exercise price.