Rns out18 Jan 2018 07:16
Doesn't read to me like they want anyone else to make any money out of HER.
Drilling finished on Dec 29th, still awaiting results the only reference to grades is the 2015 drill.
"US$150,000 of convertible loan notes with a face value of US$180,000 into shares at an exercise price of �0.0001 "
"US$50,000 of convertible loan notes with a face value of US$60,000 into shares at an exercise price of �0.0003"
"The drilling program consisting of 22 holes for some 2,400 metres of RC drilling�tested the newly acquired Pastizal tenement abutting the Picachos lease. The program was below the planned 3,000 metres and completed earlier than expected on 29 December 2017 as the limestone and chert containing copper mineralization was closer to the surface than assumed.
Herencia is awaiting assay results"
"The Directors estimate that the funding provided under the convertible note facility will provide the Company with sufficient working capital until approximately the end of March 2018; and accordingly the working capital position of the Company remains severely constrained.
Following the release of assays from the drilling program, the board of directors will provide shareholders with an update on new funding initiatives that the Company will look to undertake during the course of this year."