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Ann: AuDAX secures $20M Committed Equity Facility, page-2

  1. one powerball
    3,479 Posts.
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    04/09/09
    18:47
    Post #: 5601001
    re: Ann: AuDAX secures $20M Committed Equity ... That's a damn good deal for ADX.

    The option to convert the $20mill at ADX's Discretion into shares at only a 5% discount over the next 30 months. Nice.

    Gives us the security we were looking for to push forward to drilling stage.

    Should see the share price spike come Monday.

    Thoughts?
    ADX Price at posting: 12.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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