I believe the raise at 85c essentially covers the Option for Renard to be rolled over while the remaining FTF funds from prior raise are used,
It does appear that any money from this original deal would need to be returned to the Government if the option is "called".
The new raise provides funds for drilling at the current premium of 1.5x so when Renard option is taken up we can continue to drill.
The new raise provides 38.5% cash back on drilling spent that then can be used on anything.
Ann: Trading Halt, page-109
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Last
51.0¢ |
Change
-0.035(6.42%) |
Mkt cap ! $110.3M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.0¢ | 50.0¢ | $538.3K | 1.044M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14592 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 14997 | 1 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |