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2.0¢ nemex resources limited

Ann: Wavefront Investment Update and Capital Raising Plans, page-177

Currently unlisted. Proposed listing date: WITHDRAWN

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FullMoonFever

6,188 Posts.

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25/11/15

12:49

Post #: 16473833
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Originally posted by zaqmlp ↑

Hi all, first time posting =)

I have a few questions.
Not sure if its me reading it the wrong way and I have not seen anyone mentioned this in the thread (sorry if it has been), by reading this announcement, aren't we (NXR) entitled a total of 61.5% of WBT after the cap raise?

=> NXR currently holds 40%
=> another 10.5% from Cicero
=> also the 11% from the Subscription Agreement that NXR has not exercise

So its a total of 61.5% if all goes well?

So even if we don't execute the Subscription Agreement, in a sense we are in control of WBT already after the cap raise?

thanks all
cheers

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Hey @zaqmlp

Welcome to the threads.

Nah, they not need to proceed with the extra 11% as that would involve paying more $ to do so when they can wrap up 50.5% via the existing holding plus cicero %.

All they need is over 50% to essentially gain control of the IP.

NXR Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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