So on the offer detail is says "An entitlement offer to existing shareholders to raise up to approx $15 million. The final terms of the Entitlement Offer will be determined at a later date"
So essentially my take is:
- Doing an 'Entitlement Offer' not an 'SPP' to get round the 12 month rule (even though they are essentially the same'
- Distribution eg 5 for 1 will come at a later date (guessing early Jan)
Ann: Trading Halt, page-174
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