So up to CAD$40m for newly issued TAAL shares. Trading halted because of this news (I confirmed with Matthew Whitcomb via email).
* if you look at previous volume on CSE or OTC TAALF, peak daily volume is 139k-189k. I don't know if that is # of shares or $ amounts. Either way it's not a lot. Most days volume is well below 100k.
* The offering is for a minimum of $26m, up to a maximum of $40m, at a price of $4.60. Each unit will have 0.5 units of a warrant to buy at $6 too.