So KBL raises $425K before costs by issuing shares at 0.474c per share.
The SP today is 0.5c so they have been issues at 5% discount to market.
We have seen 100M shares dumped on the market at close to the time of the announcement.
It seems much better than the previous issuing of convertible notes.
At least they cant wash them through the market and make a profit at shareholders expense.
Ann: Appendix 3B-KBL.AX, page-2
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