So our holdings will be diluted by 8%. As I siad before - better than appointing administrators! There will be 2,548,537,375 shares on issue and total of about 165M unquoted securities:
ASX +security code and description
Total number of +securities on issue
1
LMGAG
OPTION EXPIRING 12-AUG-2027 EX $0.079
68,225,437
2
LMGAC WARRANTS
EXPIRING VARI DATES EX VARIOUS PRICES
80,000,001
3
LMGAD
OPTION EXPIRING 23-MAY-2025 EX $0.10
15,000,000
4
LMGAE
OPTION EXPIRING 22-DEC-2025 EX $0.10
3,000,000
5
TOTAL
166,225,438
I'd say LMGAD is a dead duck - so they won't be converted. We can only wish that LMGAE will be worth converting.
I am watching the share price now down to knocking on the door of 1.0c. I am wondering if the same as last capital raise will happen, where the share price drops well below the capital raise price.
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