$5m for AEM (debt reduction, capex requirements, working capital), $5m for CVM commercialisation over the next 2-3 years and general working capital
A (1 for 8) Rights Issue @ 73c is a significant discount to 97c, but under the circumstances it appears to be a reasonable result for shareholders.
Ann: Company Update & Capital Raising, page-32
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72.0¢ |
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Mkt cap ! $98.89M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 72.0¢ | 71.0¢ | $31.59K | 44.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2067 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 10473 | 1 |
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