The Company seeks to raise up toapproximately A$6.3 million consisting of an:
· Institutionalplacement to raise approximately A$1.5 million (and up to A$2.0 million)comprising the issue of approximately 136.4 million (and up to 181.8 million) newfully paid ordinary shares in the Company (“New Shares”) at A$0.011 perNew Share (“Placement”).
· ThePlacement will be completed in a single tranche utilising the Company’savailable placement capacity pursuant to ASX Listing Rules 7.1 and 7.1A.
· TheBoard of Directors intend to participate in the Placement for A$150,000 (“Directors’Participation”), subject to shareholder approval, which is to be sought atan upcoming Extraordinary General Meeting (“EGM”), expected to be heldin June 2024.
· Inaddition to the Placement, the Company intends to undertake a 1-for-9non-underwritten, non-accelerated non-renounceable pro rata entitlement offer,at the same price as the Placement, to raise up to A$4.3 million (“EntitlementOffer”), together with the Placement (the “Offer”). Further detailsrelating to the Entitlement Offer will be provided in due course.
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $21.62M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $43K | 7.557M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 25289450 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 5035948 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 25289450 | 0.005 |
73 | 50129175 | 0.004 |
19 | 32668673 | 0.003 |
8 | 15302499 | 0.002 |
7 | 14300001 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 5035948 | 9 |
0.007 | 6285828 | 8 |
0.008 | 6900000 | 4 |
0.009 | 4246120 | 4 |
0.010 | 3062393 | 4 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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