Also a Perth based company WSA - Western Area's Nickel - just completed a SPP that was sacled back in a much better way to reward the larger retail holders of the stock. They also increased the size of the SPP offer by 50% to accommodate this.
If a shareholder had a 5,578 holding at the SPP record date - then they got - 7,500 (Full $15,000 Allocation @ $2.00) Similar 2,500 - 3,362 and 1,000 - 1,345
The TOX directors should take some careful note of this!!!!!!!!!!!!!!!!!!!
Also this means that WSA & the share registry will have much less cash from the interest earned on the scaled back funds in limbo - to splash for the Capital Raising Completion Party...