KRR 16.7% 1.0¢ king river resources limited

Ann: June 30 2018 options underwriting, page-6

  1. 850 Posts.
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    Why?

    As it stands if everyone takes up their oppies KRC gets $12m.

    This way if only $10m gets taken up there will be a top up from these three, plus on top an additional $4m with an additional number of shares issued.

    It's a guaranteed $6m from these three. Even if none of the oppies get taken up.
 
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