EGO 0.00% 12.0¢ empire oil & gas nl

Ann: Prospectus for Rights Offer, page-5

  1. 11,101 Posts.
    lightbulb Created with Sketch. 1849
    Hmm, that is strange.

    In the notice of meeting to vote on the placement to ERM we were told that shareholders would be able to participate in a Rights Issue on the same terms as the placement to ERM.

    Now we are being told that we have to pay a higher price than ERM.

    Placement to ERM: $0.00495075 iirc

    Rights Issue: $0.005

    Why is the rights issue not at $0.00495075?
 
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