WKT 4.55% 10.5¢ walkabout resources ltd

Ann: Proposed issue of securities - WKT, page-2

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    @Natos

    Has WKT just raised the majority of the additional funds at 17c? (excluding the 2.36 mil free shares )

    First tranche
    USD $1,785,000.0000 x 1.34 (AUD conversion) = $2,391,900

    $2,391,900 Divided by 14,044,944 shares to be issued = 17.3c

    Second tranche

    USD $4,515,000 x 1.34 (AUD conversion) = $6,050,100

    $6,050,100 Divided by 35,525,446 = 17.3c

    If you include the free shares, doesn't it work out to be 16.25c ?
 
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