correct. it is a 3 for 5...so you can top up your holding by 60% of what you own previously.
so the "theoretical" price is 1.6...
Workings: 0.6 shares @ 1c + 1 share @ 1.9c (last close) /1.6 shares = 1.6c
Ann: Platypus to Acquire Lithium Company Lepidico, page-40
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