"Trading Halt The Company intends today to request a trading halt to commence pre-market on 20 December 2024, pending the release of an announcement in relation to a proposed capital-raising. At this stage it is anticipated that the capital-raising will be in the form of a convertible loan funding arrangement to raise at least $4 million. It is expected the convertible funding arrangements will be on similar terms to the convertible loan financing announced on 9 October 2024. Unless ASX decides otherwise, the Company’s securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 23 December 2024 or when an announcement is released to the market."
October 24 Raising was at 16c per share with 3 options for every 5 share (exc price 25c).
New $4million cap raising will mean another 25 million shares and 15 million options issued.
Let me know if I have it wrong or right.
VTX Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)