I am a mum & dad investor that got sucked into LOMOA at cost base of 29 cents, can anyone explain what this means for me?
A $9.2 million underwriting agreement with Westar Capital Limited (“Westar”) for the 46.2 million listed A$0.20 options due to expire on 30 September 2017 (“LOMOA”). Westar will earn a 5% underwriting fee, due at the LOMOA option expiry date, and a 1% management fee, due on signing. Westar’s sub-underwriting agreements were supported by Lucapa’s two largest share and option holders.
Ann: Mothae Diamond Project - Funding Update, page-25
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