MNB 3.17% 6.1¢ minbos resources limited

Ann: US$10m Strategic Investment Approval Received, page-5

  1. 14,152 Posts.
    lightbulb Created with Sketch. 4095
    Surprise, surprise.
    No "massive dilution"
    Not "at the mercy of all"
    SWF not trying to screw MNB but comes in at a premium of the HIGHER of 8c or "the volume-weighted average price for Minbos shares for the 10 days immediately prior to execution of definitive transaction documents".
    So this might be done at a higher price than 8c.
 
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