Wenty, tooooo hard for anybody to pick the right time for a CR. Would appear from comments by Fresh Equities the the SSP will be available to all shareholders and Pirra will take up whatever is available, this news made 22/05/2020
"Core proposition: lithium play kicks off raisingSarah Thompson, Anthony Macdonald and Tim BoydMay 22, 2020 – 2.01pmSaveShareASX-listed resources play Core Lithium was rattling the tin on Friday, seeking fresh capital to finance the growth of its lithium project near Darwin.ASX genericCore Lithium had Bell Potter and Taylor Collison on board for a capital raising. AAPThe company was looking to raise $6 million through a $4 million placement and $2 million share purchase plan, according to terms sent to funds.The placement was priced at 4.2¢ a share, which represented a 27 per cent discount to Core's 5.8¢ last close and a 24 per cent discount to the five-day VWAP.The company had drafted in Bell Potter and Taylor Collison as lead managers and bookrunners on the deal and the pair were calling for bids into the placement by 4pm on Monday.Funds were told the fresh capital would be used at Core's Finniss lithium project for greenfield exploration and tenement costs, among other things. The Finniss project is located south of Darwin Port and covers 500 square kilometres of granted tenements.Finniss is the $48 million company's flagship project but Core also has other project interests around the Northern Territory and South Australia."
Dunno how why they get prior info, but as usual ordinary shareholders have to wait for the PROPER announcement.
Time wil Tell. Always does
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