VWAP for the week looks like it will be around 3.2c on extremely low volume. It looks like nobody is particularly interested in the final CR price. The new shares will be issued at a 20% discount to VWAP, so the price would be 2.56c.
The company will announce on Monday (11-Mar) whether there will be a scale-back.
There will also be an off market share placement of an equal number of shares at the same price, which will probably also be in Monday's announcement.
Ann: SPP & shareholder update webinar, page-51
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