NUP 0.00% 1.5¢ nupower resources limited

will there be an announcement tomorrow, page-21

  1. 5,249 Posts.
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    From the last qtly

    "One of these resolutions gave approval for a share capital issue of 150 million shares
    at a price no less than 80% of the volume weighted average of the share price for 5 days preceding
    any placement. Your company is continuing to discuss capital raising alternatives."

    So, up to 150m shares at a price no less than 80% of VWAP of just under 8c.

    Lowest raising price would be 6.3/6.4c according to my calcs and issuing of 150m shares would raise $10m+ depending on price.
 
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Currently unlisted public company.

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