Seem management does want the full $5m they had hope to raise, dare say they would not have a SPP if they didn't.
Sure you could buy on the market at same price a SSP but there is less risk if you wait for SPP and participate if the SP is higher, in a way that would be a bonus for share holders
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- Ann: Completion of Placement & SPP Announced
Ann: Completion of Placement & SPP Announced, page-63
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