CPH 0.00% 0.9¢ creso pharma limited

Ann: Proposed issue of securities - CPH, page-3

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  1. 1,430 Posts.
    lightbulb Created with Sketch. 1061
    Not a typo, that is the maximum consideration if all earnouts are met (unlikely as that is).

    US$59.5m @ 72c = AU$82.64m all paid in shares

    The initial payment alone is over AU$29m

    So 30% dilution up front, with an inevitable cap raise to follow after the pump has finished.
 
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