We expect full details to be released early next week. The Board has received strong interest from institutional investors in the Company and taken the opportunity to raise capital to ensure the DFS is comfortably funded and provide additional working capital to fund growth in company activity.
Just got this response from Kerry. I guess it's a blessing we are in a halt today. The way I interpret the above is that this time round they are tapping into institutions rather than retail investors. Hopefully not to dilutionary and at current levels/there abouts or a slight premium. Fingers crossed.
Cheers
Firstly
Mmmmm
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