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.
HIO Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
