Check the conversion price "A maximum of 10,000,000 shares can...

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readyaimfire

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28/10/24

17:57

Post #: 76339461
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Originally posted by Alejandro1 ↑

May not be as bad as a straight capital raise.

1M convertible notes issued at $1.
4M options exercisable at $0.25.

1 x 1 = 1
4 x 0.25 = 1
4 + 1 = 5
2 divided by 5 = 0.4

Average issue price is at $0.40 combined option and convertible note value.

This was expected with FIRB delay, cash is low hence debt facility and now cap raise.

An additional 5M shares is tolerable, its 2.1% of SOI. Minor dilution which is largely tied to SP raising above $0.40.

Based on the last qtr cash burn of 900K, this raise should keep us going for 6-9 months because as of last qtr we only had $770K in the bank.

May be enough time to realise FIRB approval, especially around Chinese New Year 2025!

See my prior post>
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Check the conversion price

"A maximum of 10,000,000 shares can be issued (based on a floor price of $0.10). The actual number will be determined at a later date subject to shareholder approval. Refer to Part 7F.2"

CZR Price at posting: 23.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 23.5¢		Change -0.005(2.08%)		Mkt cap ! $55.63M

Open	High	Low	Value	Volume
24.0¢	24.0¢	23.5¢	$517	2.199K

Buyers (Bids)

No.	Vol.	Price($)
3	20288	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	368	1

View Market Depth

No.	Vol.	Price($)
3	20288	0.225
2	8000	0.220
1	13068	0.205
1	5000	0.200
1	4000	0.175

Price($)	Vol.	No.
0.240	48343	3
0.245	50000	1
0.250	54428	3
0.255	40000	1
0.260	500000	1

Last trade - 10.14am 16/06/2025 (20 minute delay)

CZR (ASX) Chart

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