The Entitlement Offer is fully underwritten by CPS Capital Group Pty Ltd (the Underwriter).
Under the Underwriting Agreement and Mandate, in consideration for the Underwriter's commitment, the Company has agreed to pay the Underwriter the following:
- (a) an execution fee of $25,000;
- (b) an underwriting fee of 4% of the total raised under the
Entitlement Offer (being approximately $138,881);- (c) a management fee of 2% of the total raised under the
Entitlement Offer (being approximately $69,440);- (d) subject to the Company obtaining Shareholder approval, 750,000,000 Options exercisable at $0.002 with an
(e) a monthly corporate advisory fee of $10,000 for a minimum of twelve months.
Wondering what this corprate advisory fee really is?
Would give CPS complete insider knowledge, almost like a seat on the board!
And
It really is open ended, as it is stated for a minimum of 12 months , with no expirery date?
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- Ann: Replacement Prospectus
Ann: Replacement Prospectus, page-41
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