MAE marion energy limited

$4.4m raised in total, not $7.6m., page-12

  1. 6,900 Posts.
    lightbulb Created with Sketch. 50
    If you guys read the announcement on the 24th Sept in full it quite clearly refers to 2 placements and not one.

    Part of the announcement reads,

    Quote...
    "the board has now resolved to accept the oversubscriptions to the first placement via this second placement.The terms of this placement will be the same as for the placement announced on the 17th August, namely the shares will be issued at a price of 2 cents." Unquote.

    The first placement was oversubscribed, announced on 17th August, to raise 3.4m. This second placement has committements for approx for 4.2m.

    Hope this helps to clarify, that to my reckoning makes 7.6m

    Cheers
 
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