Hahahah hilariously, Still Capital Pty Ltd underwrite for 50% of the shortfall. Pretty safe to expect the shortfall to be the entire amount, they’ll have to subscribe for $1m of shares. For underwriting they’re paid $250k as a commission!!!
Raise 1m, 25% of it straight back out the door hahaha
Ann: Update - Proposed issue of securities - CLZ, page-2
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