ICL 0.00% 2.8¢ iceni gold limited

Ann: 2021 Annual General Meeting - Letter and Notice of Meeting, page-2

  1. 429 Posts.
    lightbulb Created with Sketch. 45
    Here it is in plain english for the punters. Yandal Investments Pty Ltd, purchaser of 9,000,000 shares via a private placement completed at a (then) 25% premium to the market price of the shares.

    Placement was completed circa 10 days after the first visible diamond core from the TOTK prospect was released containing a 90m thick intersection of strongly altered sulphide. Bear in mind this placement was completed roughly 3 months after ICL raised $20m in a fully underwritten IPO so the Company was by no means in need of cash.

    Yandal Investments Pty Ltd = MARK CREASY. You be the judge...
 
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