River investment management is pleased to announce that we have been mandated as co-lead manager to the CDX.ASX capital raising. This offer is available to Sophisticated and professional investors only.
The Company is seeking to raise approximately $4.5 million via the issue of approximately 15.0 million new fully paid ordinary shares in accordance with ASX L.R 7.1 and 7.1A (“New Shares”) (“Placement” or the “Offer”).
For every 2 New Shares allocated in the Placement, 1 unlisted option will be issued. The option will have an exercise price of $0.50 and an expiry date 1 year from the date of issue (“New Options”). The Company reserves the right to raise additional funds under the Placement within the Company’s available placement capacity (“Oversubscriptions”).
Last close price: $0.345
Offer price: $0.30 per share (13.0% discount to last close price [18.52% discount inclusive of the New Option3], and a 18.4% discount to 30-day VWAP [23.62% discount inclusive of the New Option3])
Please find attached a copy of the term sheet.
Firm bids are due by 2:00pm (Sydney, Australia time) Wednesday 8th February 2023.
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Last
5.2¢ |
Change
-0.002(3.70%) |
Mkt cap ! $15.29M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.2¢ | $7.557K | 140.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 88618 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.4¢ | 27534 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 88618 | 0.052 |
5 | 243700 | 0.051 |
3 | 200000 | 0.050 |
1 | 255000 | 0.049 |
1 | 55574 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 27534 | 1 |
0.055 | 3000 | 1 |
0.057 | 52359 | 2 |
0.058 | 126251 | 1 |
0.059 | 7775 | 1 |
Last trade - 15.59pm 06/05/2024 (20 minute delay) ? |
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Last
5.3¢ |
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Change
-0.002 ( 0.00 %) |
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Open | High | Low | Volume | ||
5.2¢ | 5.4¢ | 5.2¢ | 70024 | ||
Last updated 15.59pm 06/05/2024 ? |
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