Ann: Successful Completion of Placement & Institutional Offer, page-10

@twouptom
Estimated re-instatement 9th of March.

Entitlement is 1 new share for every 2.42 shares held. You can request an additional 50% entitlement shares but they will only be filled subject to shortfalls in uptake.

Entitlement
example

100,000 shares held average purchase price 30c (cost $30,000)

Entitlement 100,000/2.42 = 41,322 new entitlement shares @ 10c (cost $4,132)

50% bonus or half of 42,322 = 20,661 new shortfall entitlement shares @ 10c (cost $,2066)

Total maximum new holding 161,983 shares @ 22c average (total cost $36,198)

@9for9
We retail have an advantage as we can see how GCY shares trade before making our investment decision.