AJQ 0.00% 10.0¢ armour energy limited

From the Quarterly Report:''Private Placement CompletedOn 23...

  1. 128 Posts.
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    Indeedandinthemidstofatradewar.It'sallaboutusmovingintoproductionatmactualresultsviagasflowandsalesvsexploration.Lovetoseeuskeptverylocaldespitethepotentialgainsbutallamatterofprincipleit'snotjustaboutasp-it'sAUSsovereignty.Whereisthesupportoutsideofthefarmin?LowInterestfrombuyersareweasecret?
    From the Quarterly Report:

    ''Private Placement CompletedOn 23 September 2019, the Company announced that it has successfully closed a private placement raisinggross proceeds of $4 million via an allocation of 80 million shares at a price of 5 cents each. Investors receivedone (1) unlisted option excercisable at 8 cents (through to 30 September 2023) for every two (2) sharessubscribed for in the placement.
    The Company proposes to undertake an entitlement offer to existing shareholders, and will release full details in due course.''

    When is the 'due course' going to happen? - that is holding SP down

 
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