Red Baron, raising $50mill via the IPO for Lithium. Assume say now around bulls roar 1.2 bill shares on issued after raise. The 1.2 bill shares are entitled to participate in the remaining $40 mill after FFX shell out their $10mill.
40MILL divided by 1.2 bill = 3.3333 cents per share held.
So if you have 100,000 FFX shares it will cost you 100,000 x 0.0333 to take up all your offer = $3333
Ann: Trading Halt, page-252
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