FFX 0.00% 20.0¢ firefinch limited

Ann: Proposed issue of securities - FFX, page-4

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    280m shares = $162m AUD

    Maximum subscription is 51,724 shares @58c for $30k

    280m shares / 51k max subscription = ~5,400 shareholders (assumes the max issue shares is [max subscription] * [shareholders])

    Average required offer takeup required to hit a target of:
    $50m AUD - 31%
    $50m USD - 41%

    I expect if the SP is anywhere near where we expect it might be this will be vastly oversubscribed cool.png
 
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Currently unlisted public company.

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