No, kununurra, they're not.
Stunning that th company didn';t make the capital raising price clearer. Here's the new one:
A renounceable Rights Issue to shareholders of
1
new share for every share held at an issue price of
4.0¢ to raise $17.4m
•The rights shares will have a 1-for-1 attaching option exercisable at 4.5¢ expiring 3 October 2017 (to fit in with the 180 day timeframe to complete the purchase from Wise Energy
•The rights shares will also have a 1 for 3 attaching option exercisable at 5.5¢ expiring 31 March 2017
•New shares will rank equally with existing ordinary shares
•The rights issue in conjunction with placement will raise
$20.2m
•The issue price represents a discount of 60% to the last
sale price of 10¢
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