From 24 March announcement
"The Company has sufficient Listing Rule 7.1 placement capacity
to enter into (and issue the new shares under) the Pre-Payment
Subscription Facility (. In any event, the maximum number of
new Magnis shares issuable to the Investors is 145,000,000"
Let's hope this is the end of it and I hope the above is accurate and limited to 145 mill, as they are almost at that now. I hope Magnis doesn't need to draw another 25 million.
This death spiral financing that MNS signed up for has been disappointing for sure.
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- Ann: Magnis Completes Funding from Investors
Ann: Magnis Completes Funding from Investors, page-24
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