Yes, the announcement needed a few reviews..
.
I read it.. they will aim for $2 million raise from current shareholders.. but can go over that if more people add money. Kind of means they can overscribe twice the amount they initial want so potential for ~$4 million. This is just rough figures.
So assuming thats what those extra amount of shares are the max capacity. Also $1 million of that raise will be underwritten, so should get at least a mill.
.
Then they will do another issue of shares at same price to soph and pro investors of $1million..
.
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Ann: Anson Launches Underwritten Share Purchase Plan, page-7
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