AGS
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0.00% 17.5¢ alliance resources limited

"Gandel mopping up cheap rights not taken up due to a...

  1. Ralph2103
    306 Posts.
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    01/06/20
    11:13
    Post #: 44956504
    "Gandel mopping up cheap rights not taken up due to a deliberately short acceptance period?"

    Gandel has committed to contribute $1.46M as part of the proposed $2.05M rights offer. According to the Offer Document, they will not be underwriting the remaining ~$600k if they are not taken up by the remaining shareholders.
    Last edited by Ralph2103: 01/06/20
    AGS Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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