Good chance U boy
The raising for the aquisition will be done @ 2c (Section 1.8 (c) (iv) of the explanatory note) ....and GAL will pay for a convertible note valued @ $650K with an issue price of 1.4c (resolution 8 (Section 1.8 of Explanatory Note)).
And then there's the loan of $1M worth $5M if the deal falls over (Section 1.8 (d) of the explanatory note).
I don't know weather to be excited about the opportunity to pick up more cheap(??) shares, or pooing my duds that this is all just another Perth swindle.
Good luck to everyone here... I've been watching for a while now and am currently in the green. Hope it stays that way for me too.
Cheers,
RD
Ann: Notice of General Meeting, page-3
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