OGX 0.00% 0.3¢ orinoco gold limited

Ann: Notice of General Meeting/Proxy Form, page-10

  1. 21,292 Posts.
    lightbulb Created with Sketch. 881

    ''Assuming no Options are exercised or other Shares issued and the maximum number of Shares as set out in the worked example above are issued, the number of Shares on issue would increase from 1,422,003,620 (being the number of Shares on issue as at the date of this Notice) to 1,692,273.890 and the shareholding of existing Shareholders would be diluted by 19.01%.

    The Company notes that the above workings are an example only and the actual issue price may differ.

    Oldefella

    We can only debate on what the company has actually announced in black and white

    Why actually used single out the ,185c example in the calculation and specifically mention 19.01% dilution and then state actuals may differ

    Why single out .185c out of the 3 prices mentioned

    IMO,

    It does spook the market to see it written there in an announcement
    Last edited by Merchant2000: 14/03/19
 
watchlist Created with Sketch. Add OGX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.