So up to CAD$40m for newly issued TAAL shares. Trading halted because of this news (I confirmed with Matthew Whitcomb via email). Some thoughts: * if you look at previous volume on CSE or OTC TAALF, peak daily volume is 139k-189k. I don't know if that is # of shares or $ amounts. Either way it's not a lot. Most days volume is well below 100k. * The offering is for a minimum of $26m, up to a maximum of $40m, at a price of $4.60. Each unit will have 0.5 units of a warrant to buy at $6 too. * If you have several million that you wanted to invest into TAAL, the public offering is really the only way to buy in size. TAAL is saying they feel confident that there is enough interest from investors to sell $26m worth of shares. * Yes it dilutes existing investors, but this shows us there is demaend and given how low volume is on exchanges, a public offering makes sense. * It also should create strong support at $4.60, which is a decent 2x+ for most existing investors. https://www.taal.com/news/taal-announces-public-offer-40-million/