Pursuant to and in accordance with the requirements of Listing Rule 7.3, the following information is provided in relation to Resolution 5: (a) the Placement Shares, being up to 800,000,000 fully paid ordinary shares, will be issued to sophisticated and professional investors in accordance with the terms of any placement agreement; (b) Listing Rule 7.3.4 provides that equity securities approved by Shareholders must be issued no later than three months after the date of the Meeting. The Company issue date of the Placement Shares will be determined by the Company and the sophisticated and professional investors but, in any event, will be issued no later than 11 September 2024. Shareholder approval for any Placement Shares not issued before 11 September 2024 will lapse and may be sought again at any later general meeting called by the Company;
Let's hope for a RAD- style and not the below outlined proposal
If the VWAP was 1.6c then it could be done at 1.2c, raising just $9.6m before costs - Please Rebecca intervene if he does it!
(c) the Placement Shares will be issued for cash consideration per Placement Share which is not less than 75% of the VWAP for the Company’s ordinary shares calculated over the 15 trading days immediately prior to the date on which the issue price for the Placement Shares is agreed between the Company and the professional and sophisticated investors; an
CHM Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
