They are raising $50,000 by issuing 50,000,000 options to their mates and it is costing $37,568.
So the proceeds will only be $12,432.
8.7 Expenses of Offer
The total expenses of the Offer are estimated to be approximately $37,568 (excluding GST) as follows:
$
ASIC fees
2,068
ASX fees for Official Quotation*
13,000
Accounting Fees
5,000
Legal fees
Share registry
7,500
10,000
Total
$37,568
They are raising $50,000 by issuing 50,000,000 options to their...
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