Placement Shares will be priced equal to the higher of 95% of the: (a) average of five daily VWAPs of shares chosen by L1 Capital from the daily VWAPs during the Pricing Period; or (b) Minimum Acceptable Price, as nominated by Chimeric.
Chimeric enters A$30 million Equity Placement Agreement with L1 Capital • Initial Placement of A$500,000 in ordinary shares at A$0.10 each (being the closing bid price yesterday, 8 June 2022) and 15,000,000 unlisted options exercisable at A$0.255 each expiring 31 March 2024 to be issued within seven days • Equity placement facility of up to a total of A$30 million over 24 months with L1 Capital, a leading global investment manager, by way of separate placements (the size of which are subject to certain limits) • Drawdowns under the facility are at Chimeric’s discretion and Chimeric is under no obligation to use the facilit
Let's hope these oppies and the CHMOs can be exercised in 13 months. That would need the sp to be above that 25.5c.
GLTA
CHM Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
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