FFX 0.00% 20.0¢ firefinch limited

Ann: Firefinch Successfully Completes A$100m Placement, page-52

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  1. 1,692 Posts.
    lightbulb Created with Sketch. 826
    sorry can some one clarify this statement:

    Indicative Participation in the proposed Leo Lithium Entitlement Offer ($10 million) to maintain Firefinch's pro-rata interest in Leo Lithium following the planned demerger.

    Does that mean the proceeds will now fund the initial $10m SPP offer prior to this announcement and their will no longer be a pre IPO SPP for LLL because of it?
 
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