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20.5¢ wiluna mining corporation limited.

Every dog has its day?, page-31

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Hiddenvalue

2,824 Posts.

772

06/02/19

20:33

Post #: 37354647
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Originally posted by GravityWaves: ↑

Hi @ThinkinLoudly, it will definitely be interesting to see how the equity conversion & any subsequent share sell-off pans out. @Hiddenvalue was right about the 14/02/19 being the earliest date that Lind can convert to shares.

Just in regard to the issue of shares to Lind, AGM resolution No.10 received the green light (i.e. shareholders approved the issue of shares to Lind in excess of the initial maximum share number of 114m under the first convertible security).

Also interesting there wasn't a word in the Dec'18 quarterly about Acuity: apparently 25m collateral shares issued to Acuity for nil consideration doesn't classify as anything worthy of a dollar value in debt...at this stage.

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The collateral shares have not been technically quoted yet. Price is determined only when you access the funding and agreed between both parties. Once this is done the market will need to be notified of the number of shares issued is it affects the dilution. This is merely a corporate credit card does not need to be accessed. If they cancel the arrangement the collateral shares are possibly forfeightrd also.
@GravityWaves

BLK Price at posting: 3.4¢ Sentiment: Hold Disclosure: Held
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