Cheers Toph...... missed that..
According to the motion on April 16 the shares were to be issued at 80% of the previous five days trading price
VWAP x 0.8 (IMHO $1.1) x 0.8 = 88 cents
$30M x 1.1 shares (at 88c) =33M new shares = Placement which are ? going to clients of Haywood & Argonaut ?..
Plus ?? shares via SPP.......
Yeah... this aint too clear... looks rushed..
PS.. what does the brokered and non-brokered basis mean ?? That banners has lined up buyers for a line of the 33 Mill new shares themselves (?RCF)= non-brokered and the rest (brokered) the sharks can get their %ages on.
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Cheers Toph...... missed that..According to the motion on April...
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