AVL 3.33% 1.6¢ australian vanadium limited

Ann: Proposed issue of Securities - AVL, page-2

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  1. 3,838 Posts.
    lightbulb Created with Sketch. 1556
    Looks to be as a type of capital raise for more funds. Someone buys the securities now the funds are payable in September.
    Can anyone explain how this works.
    6 million raised can’t be enough so Vince needs more and we get 111.5 M more dilution to add to the last billion shares of dilution.
    Care to explain someone who knows what this actually is ?
 
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