CCO 12.5% 0.9¢ the calmer co international limited

Thanks, yes I meant to write 165m shares but maybe a little...

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    Thanks, yes I meant to write 165m shares but maybe a little more.

    Maybe you are correct, it is a little confusing.

    The CNs were issued on the 4 December 2023. The original CR was approved by the AGM at $2m, of which the CNs were all to convert to equity following this latest placement. So the original $2m CR must have included to CNs as if it did not then the total raise would have been $2.7m (which is an unapproved amount. Also the only other CN issue that was approved that I remember was related to a Fijian contract.

    The CR was then reduced to $1m to reduce dilution due to the fact that the share price was lower than expected. So with the CNs and recent CR did we raise $1m or did we raise $1.7m.

    We need the money so I do not mind, whatever tit is it is, but it is a legitimate question.

    We will find out next week. All good.


    Last edited by Leapzig: 24/02/24
 
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