The raise is being undertaken by Peak Asset Management. Peak is...

The raise is being undertaken by Peak Asset Management. Peak is the number two largest shareholder. The terms are $0.04 per share with a 1:1 listed SBROB attaching option. The options have a strike of $0.06 and expiry of 30th April 2024. The raise will total $1.5 million and used for drilling Andover Northeast as well as working capital.

Lot of fury about this raise from some holders today. Remember every company needs to raise capital from time to time, even blue-chips. These funds will allow SBR to rapidly drill Andover Northeast. The share price will likely fall to the raise price on open so use it as an opportunity to buy at this price as I will. GLTAH.