Cornerstone investor terms agreed: Capricorn may subscribe for up to 412 million shares in Spenda (up to 9.97% of Spenda’s share capital post investment) via a private placement at $0.0175 per share, representing a 77% premium to the 30-day VWAP of $0.0099. Any subscription will occur prior to 31 January 2024,
subject to the successful completion of the Foundation Stage of the DSD initiative ✔️
Capricorn’s successful due diligence and Board approval and Spenda shareholder approval of Resolution 18 at its forthcoming AGM. ✔️
Ann: Spenda completes final phase of Capricorn DSD initiative, page-6
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