In connection with the Offering, if permitted under applicable securities legislation, the Corporation will pay brokers and arm's length finders (a "Finder") a fee equal to 8% of the FT Units and Non-FT Units (collectively, the "Units") sold to purchasers referred by the Finder together with a non-transferable option ("Finder's Option") to acquire that number of Non-FT Units equal to 10% of the number of Units sold to purchasers referred by the Finder, at a price of $1.10 per Unit for a period of 24 months from issuance.

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Hi

For a non-brokered private placement it seems rather expensive, 6-7% is more in line with recent financings. Theres also no way to tell how much hard money is going to be raised, anyone can raise flow thru because of the tax breaks but hard money is needed to keep the lights on. Flow thru must be used for exploration, it cannot be used for office expenses. I know GZD doesn't have hi overhead but I would of thought there'd of been a fixed hard money component to the PP.

Was 24 months for the warrants necessary when we have Peak results coming and we're drilling our best K target to date? Why not an accereration clause kicking in after 12 months?

Just thinking out loud.

ttfn

nopoo