I look forward to clarification from the company. From where I sit that $5M is just for the initial shares... so that your 28.5c, and the additional $3M is for additional shares they can get for either 30c (no discount given) or above/below amounts given.
as the announcement stated, first two pars:
First Graphene Ltd (ASX:FGR) (First Graphene or the Company) is pleased to
announce that it has entered into a Share Placement Agreement (the Agreement)
with the institutional investor Specialty Materials Investments, LLC (the Investor).
The Agreement secures a funding of $8,000,000 for the Company, as set out
below.
The placement will be made by way of the Investor prepaying a lump sum of
$5,000,000 for $5,300,000 worth of the Company’s ordinary shares (Placement
Shares). Additionally, the Company will have the option (but no obligation) to
require the Investor to subscribe for an additional $3,180,000 worth of Placement
Shares on payment of $3,000,000 in subscription proceeds.
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- Ann: Institutional Placement to Underwrite Growth Strategy
Ann: Institutional Placement to Underwrite Growth Strategy, page-43
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Last
4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $31.21M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.7¢ | $48.83K | 1.015M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21255 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21255 | 0.047 |
3 | 60489 | 0.046 |
5 | 302704 | 0.045 |
3 | 117724 | 0.044 |
2 | 33250 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 50000 | 1 |
0.050 | 313725 | 5 |
0.051 | 156340 | 2 |
0.052 | 154067 | 2 |
0.053 | 239315 | 1 |
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