POS 14.3% 0.3¢ poseidon nickel limited

Ann: Trading Halt, page-10

  1. 332 Posts.
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    No.

    Its for the sale of the shares that were not taken up by existing shareholders in the entitlements issue. The underwriters now have the task to sell the unsold shares. As the sale of the new shares have been underwritten, then the underwriters have an obligation to buy them if they cannot find another buyer.

    Its one of the final steps in a capital raising process of this nature.

    This is pretty normal stuff for a capital raising of this magnitude.
 
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