GLN 7.69% 14.0¢ galan lithium limited

Ann: Key Canadian Lithium Project Acquisitions, page-30

  1. 210 Posts.
    lightbulb Created with Sketch. 31
    Galan is getting shares of Redstone:

    "the lower of (i) 50,000,000 RDS Shares and (ii) that number of RDS Shares equal to CAD500,000 divided by the volume weighted average price".

    what if Redstone ramps up its share prices before the deal closes? Why would Galan do a deal with an open end?
 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
0.010(7.69%)
Mkt cap ! $70.93M
Open High Low Value Volume
13.0¢ 14.0¢ 12.5¢ $284.5K 2.130M

Buyers (Bids)

No. Vol. Price($)
5 134586 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 430000 6
View Market Depth
Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.