re: Ann: Placement at Premium - Cornerstone I... Under the Equity Facility, Peninsula may, at its discretion, over a period of 5 years, draw down on thisfacility in part or whole, subject to Pala?s approval of the use of funds. Shares issued to Pala as consideration for draw down will be priced at the Company?s 20 day volume weighted average price (VWAP) prior to the draw date and will include one attaching two year option with a strike price 20% above the share price for every two drawdown shares issued.
Am I reading this right? When PEN draws on this there is further dilution?
Ann: Placement at Premium - Cornerstone Investor , page-20
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.2¢ |
Change
-0.001(1.08%) |
Mkt cap ! $293.2M | |||
| Open | High | Low | Value | Volume |
| 9.3¢ | 9.3¢ | 9.1¢ | $478.7K | 5.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 384530 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |