CLZ classic minerals ltd

The Placement comprises the issue of 250 million fully paid...

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    The Placement comprises the issue of 250 million fully paid ordinary shares (“Placement Shares”) at an issue price of $0.004 to institutional and sophisticated investors in Australia, raising $1.0 million (before costs).

    That's a lot of dilution, let's hope it's not dumped for pips.
 
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