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1.5¢ samson oil & gas limited

Its good news for SSN.

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cmonaussie

10,868 Posts.

3602

29/09/16

12:46

Post #: 19506143
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Originally posted by alacrity ↑

This should mean that less shares will need to be issued ...

"Mutual of Omaha Bank has also agreed that a portion of the sale proceeds (in amount to be agreed upon) may be included in the amount needed to complete the $5 million equity required to be raised by Samson. Mutual of Omaha Bank has also agreed that this may be accomplished prior to November 15th, 2016. The equity raised in April this year, would be included in the $5 million required to be raised."

Or SSN could still choose to issue 300mil shares and then keep the difference that doesn't need to be paid back.

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Its good news for SSN.

SSN Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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