XST 0.00% 0.9¢ xstate resources limited

Ann: Appendix 2A - Placement, page-43

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  1. 21 Posts.
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    These shares were issued to private investors at a slight discount (de-risking the capital raising) over a week ago. the public (retail) investors buying in driving the price up aren't helping the company unless they do another CR and issue more shares. However the directors benefit as they have huge shareholding.
 
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