ICG 0.00% 0.5¢ inca minerals limited

Ann: ENTITLEMENT ISSUE EXTENDED TO 21 OCT 20, page-128

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  1. 3,496 Posts.
    lightbulb Created with Sketch. 1040
    It was an offer of 2 for 3 existing fully paid ordinary so that’s the 33k calculated from 50k..

    You purchased the 1m rights to participate from another holder on market for a consideration of $1000 and the application money was 1m x 5.5c which equals the $55000 that goes to company to participate in the capital raise..

    You will also receive as a sweetener free options 330k with a strike price (conversion to fully paid ordinary) of 9cps expiring 30 July 2021 and 330k with a strike price of 20cps expiring 31 October 2023..

    So yes you’ll have 1.05m fully paid ordinary shares once advanced share registry does there thing..

    And yes, you lucked out not understanding what you purchased, as you purchased rights and paid for them guaranteeing the fpo instead of transferring additional funds directly in hopes of a shortfall allocation..

    well done..
    Last edited by Mattminton79: 22/10/20
 
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