So instead of the usual (exorbitant, imo) 6% raising fee of asx stocks, Euroz scores a ~$1.5m discount on some shares and some options which are, at this moment, close to worthless. Wonder why the offer was oversubscribed. Mind boggles.
At least the cash question is off the table for a while. At least Euroz is confident, mind you, who wouldn't be with such a discount?
Ann: $3m Placement Completed - Insto and Sophisticated Investors, page-7
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