capital raise via flow through shares at 43.6c a 78% premium to...

capital raise via flow through shares at 43.6c a 78% premium to last price of 24.5c

Same structure as #WR1 raise in October 2022

43.6c Raise 7.65 mill shares
21c Raise 5.5 mill shares
= 34c average raise price

Canadian raise A$3.33 mill at 43.6c After settlement with Canadian investors in the Flow Through placement and those investors obtaining tax benefits permitted under Canadian tax law, Canaccord will facilitate the sale of the New Shares to institutional, sophisticated and professional investo
rs in Australia.

Credits go to Australia for a tiny raise at 21c for $1.2 mill

Instead of having 13 mill shares on issue they only issue 5.5 mill shares so means less dilution.

CY5 and WR1 referenced below to what happened to their share price following flow through.

WR1 flow through raise last year referenced to BUR below.