He knows this because it was ALL set out quite clearly in the explanatory sections accompanying the General Meeting resolutions put forth regarding the ' potential ' capital raise.I note they also must think that the ' Market Conditions ' are indeed suitable enough to support whatever level of capital raise they end up choosing.I'd also like to reiterate that they clearly state that the raise will occur within 3 Months of the General Meeting - So CAN'T be in 6 months or next year as I believe was mentioned here by someone else.10.2 Information required by ASX Listing Rule 7.3a. The Shares under the Proposed Placementwill be placed to professional andsophisticated investors and clients of Australian Stockbroking firms who are identifiedand introduced to the Company by its stockbrokerand/or corporate advisors and whomay be interested in participating in the proposed capital raising;b. the maximum number Shares to be issued is 1,000,000,000;c. If Shareholder approval is obtained, the issue of the Shares will occur no later than threemonths after the date of the General Meeting (or such later date as permitted by anyASX waiver or modification of the ASX Listing Rules);d. the issue price will be not less than the price that is a 25% discount to the VWAP ofShares as traded on ASX in the 15 trading days prior to the date of issue or agreement toissue;
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No. | Vol. | Price($) |
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16 | 9451685 | 0.008 |
11 | 8285419 | 0.007 |
6 | 3283500 | 0.006 |
3 | 1800000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
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0.011 | 4686363 | 7 |
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