Minimum A$15,000,000 at $0.041 per share (single tranche):
A discount of 24.1% to last close of $0.054; and
A discount of 25.0% to the 15-day VWAP of $0.0544.
Participants in the Placement will receive a 1-for-2 attaching Option (“Option”exercisable at 6, expiring 2-years from the date of issue. It is the Company’s intention to list the Options on the ASX after the issue has been approved at a general meeting of shareholders
that is from the original term sheet. Which clearly isn't the case now as they have had to get in suspension for so long try redo the deal. Believe what you want it makes no difference to me
SAS Price at posting:
5.4¢ Sentiment: None Disclosure: Not Held
exercisable at 6, expiring 2-years from the date of issue. It is the Company’s intention to list the Options on the ASX after the issue has been approved at a general meeting of shareholders
