Corporate Advisors

  1. 199 Posts.
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    The free trading shares that will be issued to their corporate advisors in 2 tranches, 3,720,800 each, how can the issue price be what they say?

    The Shares are being issued in two tranches valued at $60,000 each, based on a 5% discount to the 14-day VWAP at the time. The first tranche will be issued at $0.03225 per Share, based on the 14-day VWAP at 22 April 2025. The second tranche will be calculated based on the 14-day VWAP at 22 October 2025.

    If valued at 60k, the price per share of 3,720,800 shares would be .016123. Am I looking at this wrong?
 
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(20min delay)
Last
2.8¢
Change
0.002(7.69%)
Mkt cap ! $20.81M
Open High Low Value Volume
2.6¢ 2.8¢ 2.6¢ $5.731K 212.5K

Buyers (Bids)

No. Vol. Price($)
1 115692 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 129560 1
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Last trade - 15.32pm 28/07/2025 (20 minute delay) ?
XRG (ASX) Chart
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