AWJ auric mining limited

Ann: Proposed issue of securities - AWJ, page-5

  1. 2,629 Posts.
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    This is just the rear end covering paperwork as the court case re the Lindsay's tenement ownership is on the 20th of JUNE.

    So making shareholders aware from now on MAY or MAY NOT.depending on the court case outcome ,define how many shares are issued.

    156m shares and options on issue now = 164.7m shares total dilution of 5.57%

    However if the share price was say 30c then $2m it would only be 6.67m shares issued.

    Even better at 40c then just 5m or 3.2% dilution.

    Every bought share upping the anti also reduces the potential dilution of your investment.

    DYOR + DYODD even at $2m cash and 5.6% dilution Lindsay's is still a bargain buy all accounts.

 
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