It would be funny if the board restricted the raising to the $1.5m. Applicants might get less than what they applied for. Perhaps a mad scramble to re-acquire the shares sold on market would ensue?
Then again, given the current market, maybe the board will accept whatever than get?
I guess we will see…
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- Ann: Proposed issue of securities - KWR
Ann: Proposed issue of securities - KWR, page-38
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