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20.0% 0.6¢ fin resources limited

Ann: Major Capital Raising to Strategic Cornerstone Investors, page-33

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  1. bevter
    25,836 Posts.
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    06/05/15
    13:06
    Post #: 15227114
    "In consideration for Mr Tinkler assuming executive duties, the Company has agreed, subject to shareholder and
    ASX approval, to issue to Mr Tinkler or his nominee 387,000,000 performance rights (for nil cash consideration)
    which will convert in three tranches of 129,000,000 each, upon Orca achieving a 20 day volume weighted
    average share price of 2.5c, 5c and 10c.
    OGY Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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