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0.9¢ king river resources limited

I think that you are reading the notice incorrectly. The...

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10/06/18

17:46

Post #: 33624964
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Originally posted by Messiah ↑

We have two options in play..

Current options, and bonus options.

Current Options:

........The underwriters will participate in any shortfall pro-rata to their commitment and will, to the extent necessary, subscribe for top-up shares to satisfy their commitment.

If there is insufficient shortfall (ie; there is nothing to be underwritten) they get issued the same amount of shares as per their commitment under a 7.1. If there's a larger shortfall, they have agreed to underwrite to the full amount of available options - pro-rata to their commitment (any shortfall). That's how I read it..

Bonus Options.

Issued to holders who hold after June 30.

Price is TBC (so is the record date, but it's after June 30, early/mid July?). Price is EITHER 25% premium to the VWAP 5 days prior to June 30, OR 10c @ June 30, whichever is greater.

Anything more than 8.0c VWAP June 25+ 5d (inc) , or 10c SP @ June 29 CSPA is a premium to 10c strike.....

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I think that you are reading the notice incorrectly. The underwriters do not have to take up any options above the 60 million that they have underwritten. They may take up more if they wish, but I would doubt that they would if the share price is below 10 cents.

KRC Price at posting: 8.4¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $13.75M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$177	19.63K

Buyers (Bids)

No.	Vol.	Price($)
2	704974	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	2814440	9

View Market Depth

No.	Vol.	Price($)
2	705109	0.009
16	30340515	0.008
4	3219627	0.007
7	7989696	0.006
13	8236895	0.005

Price($)	Vol.	No.
0.010	2814440	9
0.011	1900000	6
0.012	938734	8
0.013	696263	4
0.014	591063	5

Last trade - 13.09pm 08/10/2024 (20 minute delay)

KRR (ASX) Chart