There are 268.3 Million shares on Issue.
Mitsubishi lent $1.0 Million (USD) for 2.7% or 7,244,100 Shares. (Per Announcement)
Therefore $0.138 USD cents Per share or $0.1518 Aust Dollars (@$0.90)
CNQ management have negotiated with Mitsubishi $0.1518 cents per share as security for a loan after completing “Technical due diligence”
Average share price for the last 3 Months say $0.048 Current $0.054 (Up 8% yesterday)
Please DYOR.
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