What on earth is going on with LKE...issue price 40 cents per share ??
Firstly, we get...
"...to raise $2,250,000 (inclusive of costs) by agreeing to issue 56,000,000 Lake fully paid ordinary shares to Acuity Capital at an issue price of 4.0c per share."
When 56 mil shares x 0.04 per share = $2,240,000
Now we get an issue price of "AUD 0.40000"...40 cents per share.
SIGH !!
IMO DYOR
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