It's a new Placement share issue (i.e. in addition to the recently completed RI CR). This one raised another $700k using the existing new share issuance headroom capacity. The details of this Placement were included in this morning's $1.1M raising announcement (i.e. ~$400k placement relating to residual shortfall from the recently closed RI CR + $700k additional (new) placement to sophs and instos).
A combined ~$5.3M (gross) raised between the recent RI and this one which should buy them some time until the next one.
PS. There's likely, imo, to be some selling overhang over the near-term as the pros nuance the exit of their placement holdings for free-carry of the 20c 'blue sky' oppies.
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Open | High | Low | Value | Volume |
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4 | 512976 | 0.042 |
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1 | 50000 | 0.039 |
1 | 81108 | 0.037 |
Price($) | Vol. | No. |
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