Capital Raising
• To assist the Company to re-comply with Chapters 1 & 2 of the ASX Listing Rules (Listing Rules) and support the SeaNG Transaction costs, the Company plans, subject to the approval of the Company’s shareholders, to conduct a capital raising under a prospectus to raise A$4.0 million through the issue of fully paid ordinary shares in the capital of the Company (Shares) at a proposed price of A$0.17 cents/share.
• Foster Stockbroking Pty Ltd has been appointed as lead manager for a maximum A$4.0 million capital raising to be undertaken in conjunction with the SeaNG Transaction. Firm commitments have been received for A$4.0 million at the proposed issue price of A$0.17, including the participation by Directors subject to shareholder approvals. Maurice Brand (Chairman and CEO) has committed to take up A$340,000 in the capital raising. The capital raising is not underwritten. The minimum subscription amount has been set at A$4.0 million.
Watching with interest. Impressed by MB putting his hand so far into his pockets at 17 cents.
Expect short term sell however
Capital Raising • To assist the Company to re-comply with...
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Last
4.6¢ |
Change
-0.001(2.13%) |
Mkt cap ! $27.50M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.6¢ | $659 | 14.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36667 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 193726 | 4 |
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| Last trade - 11.04am 26/04/2024 (20 minute delay) ? |
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Last
4.7¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 4.6¢ | 4.7¢ | 4.6¢ | 9057 | ||
| Last updated 10.09am 26/04/2024 ? | |||||
| PV1 (ASX) Chart |