I think the maximum that they can raise is 15% based off the companies 15% placement capacity rule 7.1 .
which would mean roughly 6,900,000 new shares.
last cap raise was done at a 7.9% discount to 15 day VWAP.
So if we worked off 12.5c at 6,900,000 shares that would raise $862,500.
plus current 1.5mil
new possible cash in hand $2,362,500
This is all a random guess as to trying to figure out possible dilution and possible cash on hand after raise. Not financial advice
AIMO
Add to My Watchlist
What is My Watchlist?
