SXG 3.57% $3.24 southern cross gold ltd

Can somebody explain why the entitlement to apply for additional...

  1. 1 Posts.
    Can somebody explain why the entitlement to apply for additional shares was ignored despite capacity to allocate on a pro rata amount? The announcement mentioned something about fairness but it's not that hard to do. Seems like the underwriters wanted a nice little bump which comes at the expense of shareholders...
 
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