Re the 20mil Kingwest shares issued to Horizon the following is what Horizon will get in addition
A deferred payment no later than 18 months after settlement of: o A further $1.625M in cash; and o $1.625M in value of ordinary shares in Kingwest at a deemed issue price being the lower of $0.15 per share and the 30 day VWAP (subject to shareholder approval and Horizon not exceeding 19.9% ownership in Kingwest).
Ann: Quarterly Activities Report 31 March 2020, page-29
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