News: SYA Sayona Mining Seeks Trading Halt, page-2

Could be bad news for shorters if the CR goes thru as below.

Positives
SYA get Capital
SYA reduce shorters

Notes:
20% Institutional holders - potential loaning out shorts
10% Shorts in holding

https://www.copyright link/street-talk/sayona-mining-rounds-up-canadian-investors-for-raising-20230306-p5cpqe

Street Talk understands Sayona, whose shares have been halted since Friday, was chasing $50 million odd at pricing, which was expected to land around the 30¢ a share mark. Its house brokers Canaccord Genuity and Petra Capital were not on the scene.

Fund managers expected the raising to be structured as a flow-through placement of shares at 30¢ odd (a premium to the 23.5¢ last traded price) to Canadian investors, some of whom can claim tax credits under the Canadian law.