III icon resources ltd

Ann: Non-Renounceable Issue Offer Document , page-2

  1. 1,406 Posts.
    lightbulb Created with Sketch. 9
    Interesting,

    Page 15 Item 1.13.

    Dr Leon Chairman is going to apply for $500,000 in the shortfall over and above his entitlement.

    Dr Leon currently holds 10.91% or App 13Mil shares Therefore his entitlement is 10.4 Million shares @ $0.075 $780,000 plus $500,000 shortfall.

    Total if my reading is correct. $1.280 Million in cash Dr Leon is spending.

    That?s a sign of confidence.
 
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