Original goal was $38m which was to raise $18m from SI that then went to $21m due to interest.
Lets hope that whilst they mention oversubscribe of the $20m for SSP(by 250k) that they up the anti for us and NOT scale back!!!
Original ann.
The Capital Raising may, depending on the outcome of the placement, consist of:
a Placement to institutional and sophisticated investors of approximately 64.3
million fully paid ordinary shares at $0.28 per share, to raise approximately $18
million before costs, with the ability to accept applications in excess of that
amount; and
a subsequent offer to existing eligible shareholders of up to $15,000 of shares
per eligible shareholder under a Share Purchase Plan (SPP) to raise
approximately $20 million before costs, with the ability to accept applications in
excess of that amount.
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Original goal was $38m which was to raise $18m from SI that then...
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