3578% of the money raised went to insiders — AbraPlata Resource Corp.
The Jul 20, 2020 Form D reports $103,075 sold and $3,688,500 of the proceeds used for payments to officers, directors or promoters. Issuer's note: "The proceeds of the Placement will be used to advance exploration activities at the Diablillos Silver-Gold project and for general working capital purposes.".
What this means The filing reports how much of the money raised was paid to insiders. Over 10% is high for most deals. Ask what it paid for.
Sources
- Form D · Jul 20, 2020 ↗ (Jul 20, 2020)
- AbraPlata Resource Corp. — PartnerFacts page ↗ (Sep 22, 2020)