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20/05/20
12:45
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Originally posted by Millsie:
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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.