VAR variscan mines limited

Ann: Capital Raise Attracts New Cornerstone Investor, page-3

  1. 8 Posts.
    lightbulb Created with Sketch. 4
    I don't disagree with this being relatively positive but really all raises such as this should be offered to existing shareholders onthe same terms. I participated in the capital raises at 4 cents and 8 cents and am now being significantly diluted down with nothing at all I can do about it. That aspect of the raise and how it was done is very disappointing. It happens all the time across companies and it really isn't fair on existing shareholders. ASX rules shouldn't allow this. What's even more frustrating in the present case is how they selected "key shareholders" to participate? Arbitrary and not how good companies should operate in my view. I'll be letting Stewart know my frustrations via email.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.6¢
Change
0.000(0.00%)
Mkt cap ! $4.697M
Open High Low Value Volume
0.7¢ 0.7¢ 0.6¢ $2.054K 318.9K

Buyers (Bids)

No. Vol. Price($)
1 155032 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 499559 1
View Market Depth
Last trade - 11.51am 07/08/2025 (20 minute delay) ?
VAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.