WKT 0.00% 11.0¢ walkabout resources ltd

Ann: Trading Halt, page-19

  1. 17,840 Posts.
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    Hi Spid, SPP are generally exempt from the 15% provisions under exception 15, but you can only have one exempt one in any 12 month period by the looks of it.

    "
    An issue of +securities under a +security purchase plan, excluding an issue to the plan’s underwriters. Exception 15 is only available once in any 12 month period and if both of the following apply:

    • The number of +securities to be issued is not greater than 30% of the number of fully paid +ordinary securities already on issue.

    • The issue price of the +securities is at least 80% of the +volume weighted average market price for +securities in that +class, calculated over the last 5 days on which sales in the +securities were recorded, either before the day on which the issue was announced or before the day on which the issue was "

      Good luck with the raising, as some have mentioned the timing is intriguing, perhaps replacing the sophisticated raising that didn't happen around legislation change time?
 
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