HIO 4.35% 2.4¢ hawsons iron ltd

Ann: Hawsons Capital Placement, page-14

  1. 90 Posts.
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    I think this is a great outcome.
    No Regal.
    Directors putting their own money in.
    2.25 mill raised from institutions and sophisticated investors.
    1:1 options meaning that in future the company can possibly raise money from this necessarily having to go to market.

    The 2.25 mill is significant as it represents something of a change in sentiment towards the project. There's probably enough positivity/upside there for these investors to justify putting their money in.

    If you're worried about dilution - participate in the cap raise.
 
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