OAK 0.00% 6.9¢ oakridge international limited

L1 Capital Global Opportunites Master Fund, page-31

  1. 744 Posts.
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    The name of the CN Holder is on page 56 of the prospectus (see announcement on 16 Dec.). It is buried amongst the pages.

    Also this was also mentioned by Marty on his Q&A (22 Nov 16). Extract from it:

    "Athan has done a great job raising the funding through a convertible note with global fund “L1 Capital Global Opportunities Master Fund” at a premium to the share price. This required the Company to enter a short period of suspension to finalise the agreements, which were being negotiated on the cusp of the US elections. In accepting the $10m facility, the Company decided to cancel the placement and chose to offer an SPP to existing shareholders with a 1:1 attaching option. The company values its shareholders and would rather offer a capital raise via an SPP to its existing shareholders rather than seek additional funds from new investors."

    Although a number of the posters believed that Marty pushed for the capital raising (whether he was consulted on the CN is another matter).
 
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