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$2.41 dgo gold limited

Ann: Standby Equity Commitments Received, page-18

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Designated survivor

229 Posts.

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21/07/20

18:09

Post #: 46015442
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Originally posted by hongkie: ↑

Reading the announcement again, they aren't saying that other shareholders will necessarily be excluded from a future raising (although that seems to be the form in recent raisings). It's more that this group has committed to underwriting any new round before November 20 and taking any shortfall.

They are also saying that they might need the funding. Surely the options won't be handed out unless this group actually provides the capital?

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In exchange for their Commitment, Committing Shareholders will be paid a commitment fee of
50,000 unlisted DGO Gold options per $1 million of Commitment being exercisable at $4.50
per share with an expiry date of 31 July 2022 (Options).

DGO Price at posting: $3.13 Sentiment: Buy Disclosure: Held
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0 Great analysis

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