You'll probably find they are trying not to repeat the errors of ODN. So ODN had to do a rights issue at 1.2cents to complete their DD. This most likely is what impacted their meteoric share-price rise. Whereas, EXM are doing it early, so they don't have to do it again and have $$ to complete their DD once they have an acquisition.
Just a theory.
Ann: Placement under Listing Rule 7.1 using the 15% capacity, page-14
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$2.95 |
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Mkt cap ! $206.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 862 | $2.90 |
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