It's not a line of credit....To simplify - The LDA put option agreement is a mechanism for BRN to be able to legally sell their own shares to raise capital. LDA receive BRN stock under the 15% placement capacity under Listing Rule 7.1 for zero consideration and then manage the sale of those shares on market to raise the capital BRN requires. LDA receive a fee and have negotiated options as remuneration.
Ann: Appendix 4D Half Year Financial Report, page-128
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Mkt cap ! $333.6M | |||
| Open | High | Low | Value | Volume |
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