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clock Created with Sketch. 05/05/16
09:02
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Originally posted by stardestr0yer
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I am well aware that existing holder are subject to a CR. I have probably been part of 50 of them in my time. But your options are not subject to a CR. So if I have 100,000 hazer shares and 25,000 options and Hazer go into a trading halt next month and state that they will be raising cash at 45c a share and we have the right to purchase 1 share for ever 5 that we own, I will be allowed to purchase 20,000 shares. If I exercise those options now I will be entitled to buy 25,000 shares at the 45c price.
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You seem certain that as a holder there will be a rights issue. It could be a regular cap raise.
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