EGO 0.00% 12.0¢ empire oil & gas nl

Ann: Prospectus for Rights Offer, page-5

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  1. 11,241 Posts.
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    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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