A bit mystified as we seem to lack some detail on the Norseman startup
Raising $20 Mill @ 38c
USE OF FUNDSA$M1 Norseman ramp up15.0 Working capital and offer costs5.0 Total20.0 1Excludes any oversubscriptions under the Placement, which will be applied to working capital. CDIsON ISSUE (CURRENT & PROPOSED)–INDICATIVE CurrentCDIsoutstanding269,172,423 Placementtranche oneCDIs40,375,863 Placement tranche twoCDIs212,255,716 Total Equity1,2,3321,804,002
TUL Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held