WOW. How did they get this so wrong. However at 50c post consolidation this is an extremely attractive offer..Slogger was right..
The terms of the Offer are, by this Supplementary Prospectus, varied by:
(a) reducing the Offer Price to $0.50 per Share (as opposed to $1.00 per
Share);
(b) increasing the maximum number of Shares being offered to 34,000,000
(from 28,000,000); and
(c) reducing the minimum subscription under the Offer to $14,000,000 (from
$20,000,000).
Accordingly, the Offer is to raise up to $17,000,000 before costs via the issue of
up to 34,000,000 Shares at the Offer Price of $0.50 per Share.
- Forums
- ASX - By Stock
- CEO
- Ann: Supplementary Prospectus
Ann: Supplementary Prospectus , page-2
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)