"The Company is pleased to announce that it will undertake a fully underwritten placement to Eligible Optionholders of up to approximately 133,676,290 TONOD Options at an issue price of $0.0054 per TONOD Option to raise between approximately $533,165 and $721,835 before expenses (the Offer)."
"Offer
The Offer will be undertaken pursuant to a prospectus which is expected to be lodged with ASIC and the ASX on or around Wednesday 12 December 2018 and sent to Eligible Optionholders on or around Friday 21 December 2018. The Offer will raise up to approximately $721,835 before expenses. The TONOD Options will be issued pursuant to the Company’s existing ASX Listing Rule 7.1 and 7.1A placement capacity. If the VWAP for the 15 trading days on which trades occur ahead of the issue date of the TONOD Options exceeds $0.007, then in order to ensure compliance with ASX Listing Rule 7.1A, the Offer shall be downsized such that the Offer is made pursuant to Triton's issuance capacity under ASX Listing Rule 7.1 only. This would result in an offer of approximately 98,734,302 TONOD Options at a price of $0.0054 per TONOD Option to raise approximately $533,165 before expenses"
if thats what ASX needed revised, not bad.
will amount to a small reduction in volume (74%), but not price. So it may be like a 3 for 4. (if TONOD trade above .007)
