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clock Created with Sketch. 02/08/23
09:16
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Originally posted by stzenit:
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Based on the information provided in the announcement, there will not be an immediate dilution of shares. The capital raising is being conducted through a pre-payment of a royalty interest, not through the issuance of new shares.However, Foster Stockbroking Pty Ltd (FSB) will be issued 1,000,000 unquoted options with an exercise price of $0.25, expiring two years from the date of issue. These options give FSB the right, but not the obligation, to purchase shares at a future date at a set price. If FSB chooses to exercise these options, that could lead to dilution of existing shares, but this would not occur immediately, and only if the options are exercised.So, in the immediate term, there should not be any dilution of shares based on this announcement. But potential dilution could occur in the future if the options are exercised.
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thanks! I guess this is way better than usual CR.
(20min delay)