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2.7¢ arika resources limited

Ann: Entitlement Issue Closes Oversubscribed, page-8

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kakkoi9999

205 Posts.

230

20/05/20

12:45

Post #: 44724903
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Originally posted by Millsie: ↑

And it looks like a second bite at the cherry for those with funds to further invest... issue is further dilution, but let's worry about that later. Exciting time to be a holder again.

'In addition, the Company also placed a further 180,000,000 shares on the same terms as the Entitlement Offer
to raise $360,000 pursuant to the Company’s available Placement capacity. The attaching options will be
subject to shareholder approval at a meeting to be convened as soon as practicable. The issue of Shares under the Entitlement Offer to the eligible shareholders will take place on the 22 May2020.'

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correct me if I'm wrong but I believe that is to cover the oversubscriptions of existing rights holders since the original offer has been fully subscribed to.

MCT Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 2.7¢		Change 0.001(3.85%)		Mkt cap ! $16.70M

Open	High	Low	Value	Volume
2.6¢	2.8¢	2.6¢	$45.53K	1.663M

Buyers (Bids)

No.	Vol.	Price($)
1	526	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	370000	3

View Market Depth

No.	Vol.	Price($)
1	526	0.028
1	12180	0.027
3	335000	0.026
7	887600	0.025
4	469641	0.024

Price($)	Vol.	No.
0.029	370000	3
0.030	374999	2
0.031	212350	2
0.033	325000	2
0.034	1127537	2

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