Need to be clear this is not like an overdraft, line of credit or debt funding. In order for BRN to secure the actual capital ($10m minimum), BRN shares must be sold into the market to realise that capital.
These types of structures are commonly used in the US, often called ATM (At-The-Money) programs or "dribble-out" facilities. Acuity Capital is a company in Australia that has offered ATM's for several years for small cap companies.
https://www.acuitycapital.com.au/examples
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Need to be clear this is not like an overdraft, line of credit...
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $399.0M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4786 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4786 | 0.240 |
1 | 161 | 0.225 |
3 | 18441 | 0.220 |
15 | 267025 | 0.215 |
33 | 558085 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 7500 | 1 |
0.200 | 2000 | 1 |
0.205 | 187346 | 3 |
0.210 | 100643 | 10 |
0.215 | 134347 | 7 |
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