CNJ 0.00% 0.1¢ conico ltd

Ann: Placement and Pro-Rata Non-Renounceable Rights Offer, page-6

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    1.57b shares currently on issue

    Placement of 235m shares issued at 0.001c to raise $235k

    Rights issue of 2.7b shares at 0.001c to raise $2.7m

    So at the end of it they will have approx 4.5b shares on issue

    Am i reading this correctly ??
 
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