Very confusing. Is it 1 for 2 or 1 for 4 entitlement? The company needs to clarify/correct.
Immediately following the Placement, Godolphin will commence a non-underwritten and non-renounceable entitlement offer to eligible shareholders of one new Share for every four existing Shares held by each eligible shareholder at the record date (Monday, 17th July 2023) (“Record Date”). The entitlement offer will otherwise be on the same terms and conditions as the Placement offer. The entitlement offer will be one new Share for every two Shares held on the Record Date (maximum aggregate of 33.8 million new Shares) at an issue price of A$0.042 per new Share to raise A$1.4 million
GRL Price at posting:
5.3¢ Sentiment: None Disclosure: Held
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