Hi Pagarsi
that's possible it could be an extra 10 mil shares but that depends on how much $1.625 mil buys in 18 months ,if for example share price is still 15c ,10 mil extra shares would not be allowed as it would take us over the 19.5% (see my post 7/5/20 ) that would give us an extra 10,833,000 shares for a total of 30,833,000 shares ,current share total on issue is approx. 122,000,000 ,but I do not expect KWR shares to be any where close to 0.15 c in 18 months time but it does say the lower ,we could be ok because would expect KWR share base to have increased substantially by then so % wise we could be ok
para from issued statement 18/9/19
A deferred payment no later than 18 months after settlement of: o A further $1.625M in cash; and o $1.625M in value of ordinary shares in Kingwest at a deemed issue price being the lower of $0.15 per share and the 30 day VWAP (subject to shareholder approval and Horizon not exceeding 19.9% ownership in Kingwest).
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Hi Pagarsithat's possible it could be an extra 10 mil shares but...
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Mkt cap ! $34.34M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 100000 | 4.9¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 100000 | 0.049 |
1 | 84187 | 0.048 |
3 | 267777 | 0.045 |
1 | 22727 | 0.044 |
4 | 131511 | 0.043 |
Price($) | Vol. | No. |
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0.052 | 20000 | 1 |
0.054 | 27362 | 1 |
0.055 | 102379 | 4 |
0.056 | 448965 | 3 |
0.057 | 50000 | 1 |
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