OK folks,
I have some information from my people in Canada.
The raising will be at least CAD $50 million - it may be more.
The pricing is looking good. I am advised it is likely to be priced at CAD .25 per share. In other words, it wont be at a discount to the current share price. It may even be at a premium.
Soros, Quantum and Sentinent are all on board and will be participating to keep their relative holdings. I understand one of the funds may be just under, but will still participate.
The details will be known in the next 15 hours.
Looks very well supported.
Just a stab in the dark.
- Forums
- ASX - By Stock
- MGO
- some news
some news
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online