I would have liked a new category of options with a higher strike price given we now have a discovery but this will add more liquidity to the IVZOAs. It will be good to get this and the upcoming rights issue out of the way so we can focus on our 2024 program.
I assume the sophs will also be entitled to participate in the rights issue if they don't sell their placement shares immediately. It will be interesting to see how much of an incentive that is for them.
Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-21
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