http://www.cougarminerals.com/docs/news/2009_10_26.pdf

"...a non-brokered private placement of up to five million units at fifteen cents per unit to raise up to a total of $750,000.

Each unit will consist of
one flowthrough share and
one-half of one non-transferable share purchase warrant.

Each whole warrant will be exercisable for two years at an exercise price of $0.15 in the first year and at $0.18 in the second year from the date of closing."

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The hold (I seem to recall) is a very reasonable 4 months on the flowthrough share.