The CR will not be until after the GM in February
"Eligible Shareholders will be provided a Priority Offer in respect to the raising and existing Option Holders who will have no inherent right to participate in the Priority Offer will be notified of the raising and given time to exercise their options if they so choose."
The previous issue was substantially oversubscribed
Option holders can not participate in the Priority Offer
The company will be keen to get option holders to convert, this would require the SP to be 2c or above
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onwards and upwards, page-28
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STRATEGIC ENERGY RESOURCES LIMITED
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