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10.0%

1.1¢ avenira limited

Ann: Share Purchase Plan Shortfall Placement Agreement, page-5

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dangerat

884 Posts.

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17/05/17

18:45

Post #: 24752046
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Originally posted by dowjones30 ↑

I read back the 2016 annual report remembering that there was a loan to JDC Phosphate.

I believe that $2M (approx. same as SPP!) was converting into further equity as in the latest quarterly it states: Avenira owns approximately 10% of JDCPhosphate (previous announcements had this at %8)

Here is the excerpt from the Annual Report:
-------------------------------------------------------------------------------------------------------------------------
In July 2016 Avenira executed two agreements with JDCP that provide for:

• Updated and strengthened Avenira’s exclusive IHP license agreements in Australia and Senegal for a prepayment of certain licensing fees.

• Secured convertible loan funding to JDCP to allow further time for JDCP to achieve its strategic objectives. The convertible loan is interest bearing and has rights to convert into additional JDCP equity in certain circumstances. Avenira has an associated right to a seat on JDCP’s board.

• The total funding is limited to USD2m and will be drawn down progressively

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Good pick up. Noticed that too. So $2m converted into another 2% must have them valuing JDC at $100m??

AEV Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $29.74M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$2.035K	185K

Buyers (Bids)

No.	Vol.	Price($)
8	5100667	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1375891	3

View Market Depth

No.	Vol.	Price($)
8	5100667	0.010
6	2526000	0.009
5	1504999	0.008
2	800000	0.007
5	10755000	0.006

Price($)	Vol.	No.
0.011	1375891	3
0.012	2047093	7
0.013	1229066	6
0.014	1239999	2
0.015	2790146	6

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