Nope. It is the other way around. Check out the latest Widgie presentation slide 6.
Shares pursuant to In-Specie Distribution – NMT Shareholders M 130.0
Shares offered under Underwritten Entitlement Issue M 120.0
For every 13 shares you own you can get 12 in the entitlement.
Discl. Very long NMT and very happy. I think I will take the entitlement complete. Valuation of Widgie looks attractive.
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Ann: EGM - Widgie Nickel Limited Presentation, page-34
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