"Will be more shares on issue but it will be the same. 250m shares and 51% and now 500m shares with 100% ownership. All depends on how much value someone will put on the remaining 49%."
Exactly. They're doubling the amount of shares on offer but they now (or will) own 100% of the company. Previously, at a 51% stake, any profit would be split but now it all goes to our company. So essentially the only dilution is coming from the cap raise.
Ann: Nemex to acquire 100% of Wavefront Biometric Technologies, page-15
Currently unlisted. Proposed listing date: WITHDRAWN