LPD 50.0% 0.2¢ lepidico ltd

Ann: Lepidico secures $7.5 million facility & 3B, page-78

  1. 659 Posts.
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    As collateral for the CPA, Lepidico has agreed to place 230,000,000 ordinary shares (“New Shares”) from its LR7.1 capacity, at nil consideration to Acuity Capital (“Collateral Shares”) but may, at any time, cancel the CPA and buy back the Collateral Shares for no consideration (subject to shareholder approval).

    Buyback at zero consideration = not a freebie
 
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