ORR 0.00% 56.5¢ orecorp limited

Ann: Further update of WA Asset Demerger and IPO, page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. bmo
    155 Posts.
    lightbulb Created with Sketch. 32
    Hi - a question to the more savvy of what the PR means and if my understanding is correct.

    If I currently hold 50,000 shares of Orecorp, does this mean

    A) I will receive approx. 5,000 free shares of Solstice?

    B) i can purchase Solstice shares via the IPO at $0.20 per share. i.e. i can buy 100,000 shares

    C) if they fail to raise a minimum of $5,000,000 i would then receive 25,000 free options that expire in 4 years?

    Have I understood this correctly?

    Do you think the above plan is a wise idea to further invest in Solstice?

    I am more of a Lithium investor but i have been invested in Orecorp for 5 years now solely based on what I have read on the management team alone.

    Any help/advice would be much appreciated.

    Thank-you

 
watchlist Created with Sketch. Add ORR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.