Proposed private placement offering of ordinary shares. The Placement will be conducted pursuant to the Company’s available 15% placement capacity through the issue of up to 36,542,142 ordinary shares. The Company also intends to implement a share purchase plan (“SPP”) to enable existing shareholders in qualifying jurisdictions to subscribe for Elemental shares at the same price as the Placement.
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not the best news
30M shares to Pala, possibly, so they can average down to 80 cents a share?
6.5m to the shareholders?
i chose to hold ELM instead of LYC yesterday
possibly wrong choice
K2P Price at posting:
38.5¢ Sentiment: None Disclosure: Held
