not sure about your figures BW
56m shares from today and 216m shares from the placement. = 272m shares
"The SPP Shares issued under the SPP will have one (1) free attaching option (New Option) for every two (2) SPP shares issued"
so 136m options will be issued.
136m at 3.5 c = $4.76m
double dip options
136m at 5c = $6.8m
total option = $11.56m
which is half of what you have said. maybe you didn't factor in the 2 for one deal
I maybe wrong in my calculations. it definitely sounds a better deal with your $23m+ calculation. could you show how you got your total b/c that could probably change my vote
not sure about your figures BW 56m shares from today and 216m...
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