CR?
For the relative newbies, check out this for a company whom looks after its own.
It's not mates, looking after mates to make their weekend cash the moment the shares hit the market - it's professional and considered, secure and incredibly tight.
And everything to do with the company's next milestones, progress and evolution.
Very (incredibly) rare in this day and age.
From annon 3/10/16
The placement will raise $2.6 million via the issue of 5 million CDI’s at an issue price of $0.52 per CDI. This is the closing price of the Company’s securities on ASX on Friday 30 September 2016 and represents a premium over both the 5 and 10 day volume weighted average price. The price represents an increase of almost 4 times the last capital raising which was undertaken at 13.5 cents in March 2016.
In addition, REM has notified the Company of its intention to exercise 2 million unlisted options, which were due to expire on 19 October 2016. This exercise will result in a further $400,000 being raised by the Company.
The issuance of the placement CDI’s and the option exercise will take REM’s relevant interest in European Metals to 20.92%.
EMH Price at posting:
$1.19 Sentiment: Buy Disclosure: Held
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