VNL 0.92% 11.0¢ vinyl group ltd

Ann: Trading Halt, page-7

  1. 5,161 Posts.
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    JXT are raising up to 42.5 million at an offer price of $ 0.040

    Type of transaction is a placement. 15 day VWAP as at 9th June is $ 0.051.

    Company is taking the opportunity to place stock to strategic investors. Red Leaf Securities appointed as the lead manager.

    Source : Term sheet, where the company is using part of listing rules 7.1 (15%) and rule 7.1A (10%)

    Let's see what happens. Looking pretty exciting with regards to strategic investors in the winds!

    All the best to shareholders

    Gracie
 
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