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.
It's not a line of credit....To simplify - The LDA put option...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13444 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 125000 | 1 |
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