Ann: Magnis Secures $11.1M Investment, page-14

I’ll give credit where credit is due, this capital raising is a decent one. Virtually no discount to the current SP, and in fact, it’s actually at a small premium to the 15-day VWAP. This capital raising is far more professional than the previous one.

With all that said, IMO this is very risky investment for ALC. I’m surprised that a property development company is going to foray into the domain of battery manufacturing. It would have been good for Magnis if they could have attracted an investment partner with some experience in this field.