8th of December is the record date for holders. If you hold 5...

8th of December is the record date for holders. If you hold 5 Million shares you can apply for 2 shares for every 9 you hold. So 5000000/9 = 555,555 x 2 =1,111,111. If you buy more on the 9th, this is not considered into the amount you can buy. If you sold shares today you cant claim those shares because you didn't hold them on the 8th. What may happen is people sell shares at 1.3, 1.2 or 1.1c to buy shares they are going to purchase at 1c in January. Personally, it wouldn't be worth the trouble IMO.



From this date you can apply for the number of shares you are entitled. The form they send you will tell you how many shares you can buy.


You have to apply for the shares before this date. after this it will be closed. (As long as the company didn't extend this date 3 days that is allowed). Any shares unallocated to the current holders will be taken up by the underwriter who is Canaccord. (they will likely sell the shares on market pretty quickly)


This is what I believe to be correct, but you should always get professional advice.