You aren't understanding the announcement properly.
If the company went through the standard route they would have had to pay a broker for organising it, they would have had to raise at a discount and then the sp would drop over the next few weeks to the cap raise price.
Ann: Funding Agreement with Acuity Capital, page-32
Add BML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.07M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $84.21K | 725.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75978 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 107986 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
12.0¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.0¢ | 571628 | ||
| Last updated 15.39pm 24/05/2024 ? | |||||
| BML (ASX) Chart |