BSR bassari resources limited

Can someone explain this ... ? Did they raise $ 10m by...

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    Can someone explain this ... ?
    Did they raise $ 10m by converting the options @ 3.4c ?
    Who had them and why would they pay over 2 & half times of current price ...?
    But then again you can’t just buy 300m shares at under 2c just like that … news must be around the corner ?
 
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