I think this is a great outcome.
No Regal.
Directors putting their own money in.
2.25 mill raised from institutions and sophisticated investors.
1:1 options meaning that in future the company can possibly raise money from this necessarily having to go to market.
The 2.25 mill is significant as it represents something of a change in sentiment towards the project. There's probably enough positivity/upside there for these investors to justify putting their money in.
If you're worried about dilution - participate in the cap raise.
Ann: Hawsons Capital Placement, page-14
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