OSX 3.33% 6.2¢ osteopore limited

Does the lender have a right to participate in the 2.9c raise?...

  1. 5,249 Posts.
    lightbulb Created with Sketch. 40
    Does the lender have a right to participate in the 2.9c raise?

    Unclear in the prospectus but according to the bridging loan agreement at 3% per month (possibly 4% now)

    Except for any subscriptions which will result in a post dilution stake of less than 10%, the Company agrees:

    a) to grant the Lender a tag-along right to participate in any proposed fund raising exercise to be undertaken by the Company during the loan tenure,

    and b) that any subsequent subscription monies from any proposed fund raising exercise, a portion of the subscription monies received shall be reserved and utilised for the repayment of the Bridging Loan.
 
watchlist Created with Sketch. Add OSX (ASX) to my watchlist
(20min delay)
Last
6.2¢
Change
0.002(3.33%)
Mkt cap ! $7.101M
Open High Low Value Volume
6.2¢ 6.2¢ 6.0¢ $39.79K 653.1K

Buyers (Bids)

No. Vol. Price($)
5 518090 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 14999 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
OSX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.