This capital raising is the first time in the Company's history it has been a rights issue.
That fact alone marks a seminal moment in the history of the Company.
A fully subscribed rights issue will raise $11M and it will be interesting to see where the shortfall will be placed.
GMP has agreed to underwrite the shortfall for $4M. We won't know where the balance of the shortfall will be placed until after the rights issue closes.
Shareholders that previously complained to management of being unable to participate in capital raisings now have their opportunity, with no dilution and at a substantial discount to what the share price has been trading at previously.
Please DYOR.
Seminal Moment in TON's History, page-13
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.68M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $9.665K | 896.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 398516 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 603358 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TON (ASX) Chart |