40 notes @ $100,000 to "To fund the drilling, completion and testing of horizontal wells in the Big River Project" with a conversion entitlement of 35c per share.
That's 11,428,571 shares or 8.2% increase in the issued number of shares. The dilution begins.
Please correct me if I misunderstood this annouyncement.
Hopefully the result is a massive revaluation of RFE
Ann: Appendix 3B , page-2
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