This is as I calculated it:
https://hotcopper.com.au/threads/ann-trading-halt.4191553/page-21?post_id=33114058#.WvzCcBZ_WaM
If cap raise + SPP ...
Cap raise $20M @ $0.06 = 333,333,333 shares
SPP $5M @ $0.06 = 83,333,333 shares
Total shares = 416,666,667 @ $0.06 = $25M
Then 1 option for every 2 shares = 208,333,333 @ $0.10 = $20.8M
Total dilution = 625,000,000 shares or options.
That's $45.8M ... Thoughts?
Please correct me if wrong.
Options have 5 year expiry.
Ann: Battery Minerals raises $20m to continue building Montepuez, page-2
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