ASR 16.7% 0.4¢ asra minerals limited

Ann: Torian Secures Funding to Settle on Tarmoola Station, page-12

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  1. 720 Posts.
    lightbulb Created with Sketch. 50
    If i am reading it correctly then, we are issuing 3.2 million shares for them paying us $221K cash. This is like 6.7c per share. This looks like a very good deal.
    https://hotcopper.com.au/data/attachments/3427/3427654-cc1fc6f19b158c6e029cad682f73a445.jpg
    https://hotcopper.com.au/data/attachments/3427/3427655-fc91f678082d64be4fa2b5b21713e441.jpg
    and then we are issuing them 20 million options exercisable at $0.042, which in the current climate is very good.

    I dont think we should be complaining about this deal.
    Last edited by Novicechap: 03/08/21
 
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