Significant part of the arrangement to know...None is necessarily good however... best of options.
"The funding bears a reasonable borrowing cost with conversion rights at a premium to the current share price, potentially limiting dilution. DW8 considered alternatives including an equity placement, rights issue and sourcing loans from alternative debt providers. The funding with Triton Growth was selected due to its certainty in respect of the initial A$5.0m and efficiency of completion; relatively low potential dilutionary impact; its relatively low cost of funds; and that upon conversion the underlying shares are anticipated to be held by a long term strategic partner. Overall, as compared to the alternative sources of finance, the Board considered the arrangement to be in the best interests of DW8 shareholders."
- Forums
- ASX - By Stock
- KDY
- Ann: Strategic investor provides DW8 access of up to $10m funding
Ann: Strategic investor provides DW8 access of up to $10m funding, page-9
-
-
- There are more pages in this discussion • 57 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KDY (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.834M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
KDY (ASX) Chart |
Day chart unavailable
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online