Apella next steps will be to take the Iron T to feasibility study which will take 12 18 months and require in the order of $18m cash. The company,
Ping G15 Sale, having just completed a private placement which raised $1.1m,
Titleist MB Sale, has some C$1.5 cash so will need to come to the market later this year to raise further financing,
Mizuno MP-4 Sale, but it aims to do so at the best price possible by continuing to demonstrate the potential of the project. At present its shareholder base is mostly retail; the largest shareholders are the management and the circle around them.