AUZ 0.00% 0.8¢ australian mines limited

Ann: Gold & copper subsidiary secures $5 million investment, page-106

  1. 8,114 Posts.
    lightbulb Created with Sketch. 73
    With the greatest respect I suggest you read the ANN again

    You imply that AUZ has to pay for the 28%

    "AUZ do not 'get 28% at no cost' as you say. I can't believe 26 people have given that a Like so far!!!"

    I think you are confusing the 28% with the balance of the shares available after the other seed shareholders have taken their percentage

    You will note that $2.6 Mil at 20 cents per share will be offered for the balance being 20.7%

    The initial 28% is at no financial payout to the new company

    Please do not mislead people

    CB
    Last edited by Camdenbob: 26/07/18
 
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