OSX 0.00% 4.0¢ osteopore limited

Ann: Osteopore secures Singapore and Vietnam market approvals, page-40

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  1. 5,262 Posts.
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    Does the lender have a right to participate in the 2.9c raise?

    Unclear in the prospectus but according to the bridging loan agreement at 3% per month (possibly 4% now)

    Except for any subscriptions which will result in a post dilution stake of less than 10%, the Company agrees:

    a) to grant the Lender a tag-along right to participate in any proposed fund raising exercise to be undertaken by the Company during the loan tenure,

    and b) that any subsequent subscription monies from any proposed fund raising exercise, a portion of the subscription monies received shall be reserved and utilised for the repayment of the Bridging Loan.
 
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