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0.9¢ vection technologies ltd

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Klue

7,006 Posts.

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27/08/24

10:36

Post #: 75390256
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Originally posted by Holdtight: ↑

Transaction Summary:
Vection Technologies Limited (ASX:VR1) ("Vection") is seeking to raise a minimum of A$1.5M via a single tranche Placement at A$0.01 per share.
The board reserves the right to accept oversubscriptions.
VR1 will issue one (1) free attaching option ("Option") for every one (1) New Share issued pursuant to the Offer. The Options will be exercisable at A$0.018, each with an expiry 3 years from issuance and will be listed and issued subject to shareholder approval and ASX listing requirements.
The proposed pricing represents a 23.1% discount to last close ($0.013).
VR1 has mandated Evolution Capital as the Sole Lead Manager.

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Shocker!
Options included and a measly $1.5m raised for massive dilution.Oh, and Evolution, that worked out well last time.
VR1 Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
4 Upvote

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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $11.93M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.8¢	$8.013K	1.001M

Buyers (Bids)

No.	Vol.	Price($)
2	995265	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	4737759	11

View Market Depth

No.	Vol.	Price($)
2	995265	0.008
8	1436370	0.007
4	1400000	0.006
2	500000	0.005
2	1000000	0.004

Price($)	Vol.	No.
0.009	4737759	11
0.010	8488034	6
0.011	1277642	4
0.012	2015124	5
0.016	170000	2

Last trade - 16.10pm 03/10/2024 (20 minute delay)

VR1 (ASX) Chart