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10/12/24
19:05
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Originally posted by bussq0:
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Key Offer Terms Issuer EQ Resources Limited (ASX:EQR) Offer Type Capital Raising to raise $4m (the Offer); comprising: Placement to raise $4m under the Company’s LR 7.1 placement capacity; Each investor will also be allocated an attaching unlisted option on a 1-for-1 basis, at a strike price of $0.0675 (69% premium to the placement price), expiring May 2027 (Attaching Options); Funds managed by Oaktree Capital Management, L.P. (Oaktree) will be participating in the Offer up to $0.55m (assuming $4m raise) to maintain its current equity interest (13.84%) in EQ Resources; and The Company reserves the right to take oversubscriptions. Offer Price $0.04 per Share. Represents a discount of: 20% to last traded price of $0.050 per share 23% to the 5-day VWAP of $0.052 per share 28% to the 15-day VWAP of $0.055 per share
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