Ann: WA Project Acquisitions and $2m Capital Raising, page-69

First 69 Last

Share
Profile

Follow
Empty Nose

3,948 Posts.

504

19/01/24

14:04

Post #: 71964598
Share

Originally posted by Klotho: ↑

Didn't do my homework on this deal properly until now...

Option

● Non-refundable cash payment of US$100,000 to Bastion upon signing the Option Agreement

(Grant Date).

● Non-refundable cash payment of US$200,000 within a 12 month period of the Grant Date to

continue with the Option.

Exercise of Option and Purchase Price

• Consideration of US$2,400.000 to Bastion if the Option is exercised by Hot Chili within 18

months of the Grant Date; or

• Consideration of US$3,000,000 to Bastion if the Option is exercised by Hot Chili within 30

months of the Grant Date.

Payment of Purchase Price

Hot Chili may elect to satisfy payment by either:

• paying the Purchase Price in cash in full; or

• paying 50% of the Purchase Price in cash and Hot Chili issuing to Bastion, or its nominee,

such number of fully paid ordinary shares in Hot Chili (HCH Shares) calculated as follows:

(Purchase Price x 0.5) / VWAP

Where “VWAP” is the volume weighted average price of HCH Shares traded on the Australian

Securities Exchange (ASX) over the 15 trading days on which HCH Shares are traded on ASX

immediately prior to the date of the Exercise Notice.

Expiry

• If the Option is not exercised within the 30 month Option Period, the Option will expire and the

Option Agreement will terminate.

Expand

yep, the mind can be a tricky thing

see my posts in rhe philosophy thread for more information.

always first principles: exploration business needs exploration and exploration results

BMO Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HotCopper Highlights: Your most watched and most discussed stocks this week

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 25 more messages in this thread...

First 69 Last

Add BMO (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $3.086M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$1.2K	200K

Buyers (Bids)

No.	Vol.	Price($)
12	6309305	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	4351798	11

View Market Depth

No.	Vol.	Price($)
12	6309305	0.006
11	4762548	0.005
6	4375248	0.004
2	767000	0.003
1	700000	0.002

Price($)	Vol.	No.
0.007	4251798	10
0.008	4396571	8
0.009	3003635	8
0.010	1471592	4
0.011	1662000	2

Last trade - 15.56pm 08/11/2024 (20 minute delay)

BMO (ASX) Chart

Ann: WA Project Acquisitions and $2m Capital Raising, page-69

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HotCopper Highlights: Your most watched and most discussed stocks this week

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: WA Project Acquisitions and $2m Capital Raising, page-69

Top Stories

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HotCopper Highlights: Your most watched and most discussed stocks this week

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News