40m shares issued at 5 cents each to raise $2m with 2 free options for each 3 shares placed plus the shares and options to Peak for brokering the placement.
So 42.4m shares and 28.3m options exercisable at 6 cents.
This was RGI's fourth placement of shares in two years plus there was the placement of convertible notes to Obsidian last year. So five capital raisings in two years, three of which were just in the last six months. All capital raisings have gone to a select few, none at all to retail investors.
Peak collaboration involves Peak providing sales leads to RGI and acting as advisors on any sales/deals. Peak will also be used as advisors for future capital raisings.
RGI Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
