Your correct, apologies. However the placement structure is much like a con note. In this case the investor can call upon part or all of the subscription shares at anytime within the 2 years from prepayment and choose the lowest 5 day VWAP from the last 20 trading days on top of a 5-8% discount. Theres also several of other discounts hidden in amongst fees payable in shares (1,353,982 of them) and the 2 tranches of $1,590,000 worth of shares they buy for just $1,500,000. So there getting an extra $180k worth of shares thrown in.
Why didn't they just raise the $4,500,000 on simpler terms? They could have under the 15% cap you'd think. Is this to get some access to equity through New Life Sciences down the road? RGS has a few really nice developments I've been watching, just wish this raise was a bit more garden variety. AIMO
- Forums
- ASX - By Stock
- CMB
- Ann: Regeneus Announces Institutional Placement
Ann: Regeneus Announces Institutional Placement, page-19
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMB (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.772M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1267251 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 746300 | 6 |
Last trade - 16.12pm 03/07/2024 (20 minute delay) ? |
Featured News
CMB (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online