At least we get a dib in on the 0.25 by the sounds. So we should!
• Firm commitments received for a $40 million two-tranche institutional placement at a price of $0.25 per New Share o Tranche 1 Placement raised approximately $16.8 million; and o Tranche 2 Placement, which is subject to shareholder approval, is set to raise approximately $23.2 million • Placement introduces a range of institutional investors • Includes director participation of $4 million, subject to shareholder approval • The Company intends to shortly announce details regarding a Share Purchase Plan (SPP), with pricing to be in line with the Placement The Company also intends to release details regarding an SPP in the coming days, to ensure all shareholders have the opportunity to participate on the same terms as the Placement.”
FHE Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
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