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.
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It's not a line of credit....To simplify - The LDA put option...
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28 | 860315 | 0.205 |
67 | 1897418 | 0.200 |
25 | 1175004 | 0.195 |
39 | 1304283 | 0.190 |
Price($) | Vol. | No. |
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