"The Placement fees to the Lead Manager are to be paid by way ofan issue of 6,125,000 Shares at the Offer Price (Placement Fee Shares). No Placement Fee will be payable andno Placement Fee Shares will be issued to the extent that any part of the Placement does not complete."
This is significant. Canaccord Genuity (Australia) Limited are taking shares of a cash payment. They clearly see upside in the share price.
"Galaxy recognises that the Bald Hill Mine produces highquality spodumene concentrates and believes that the tenements surrounding theexisting Bald Hill Mine operations hold substantial value potential, that may beunlocked through further targeted exploration and work on resource delineation."
DYOR - interesting times.
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