Luckylong,

I'll reply to your question. You can avoid dilution by buying your proportionate shares of the private placement. Your shareholdings increase proportionately to the total share increase. The flow-through also provides a nice tax break. Allowing shareholders to participate is a nice gesture by management. This is not a gift, because this remains a highly speculative junior play. But with high risk comes high reward. Just don't bet the house on it.

Good luck everyone!

Cheers

Camper