SYA 3.85% 2.5¢ sayona mining limited

Ann: A$20.4M FULLY UNDERWRITTEN RENOUNCEABLE RIGHTS ISSUE, page-228

  1. 14,475 Posts.
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    Mollaj, yes you can buy your entitlement of up to 750,000 shares
    at 3.2 cents each (no later than the 20th) and just keep them.
    You can also sell your renounceable rights on the market between
    the 6th and the 13th of March. They will show up on your computer
    in your holdings. You will make a capital gain of - Rights sell price less
    3.2 cents. You could also sell some rights and exercise the balance.
    EG, Mollaj sells 300,000 Rights at 4.4 cents, thereby receiving
    300,000 x 1.2 cents = $3,600. You could then also exercise your
    rights by buying the balance 450,000 at 3.2 cents = $14,400.
 
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