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14.3%

0.8¢ classic minerals ltd

Classic to raise $m and 150:1 consolidation, page-3

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01/06/22

10:38

Post #: 61746250
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Originally posted by Bosswhat: ↑

Offer Size / Note ConversionPricing
$25,000 per Convertible Note
Size: Up to AUD $4,000,000
Conversion value of $0.0005 per share pre consolidation of capital which will move to $0.075 post consolidation (50% discount to last traded price of $0.001)
Plus a 1 for 2 free attaching option with $0.18 strike and a 3 year term to be listed in conjunction with the second round capital raising program (new class strike 20% above consolidated price)
Post 150 for 1 ($0.15 at last traded price) consolidation program approval the conversion value will be the lesser of $0.075 or a 20% discount to 15 day VWAP post consolidation.
Entry Pricing EV – A$15.5m
The Convertible Note will have a term of 18 months.
The company expects to announce the EGM for the consolidation of capital early June 2022. The associated shareholder approvals for the consolidation of capital is expected to as follows be in early July 2022.

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WTF is this?

Is this your own unsubstantiated wish list of an ASX announcement?

Just asking......
CLZ Price at posting: 0.1¢ Sentiment: Sell Disclosure: Held
9 Upvote

0 Great analysis

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(20min delay)
Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $2.48M

Open	High	Low	Value	Volume
0.7¢	0.8¢	0.7¢	$14.95K	1.965M

Buyers (Bids)

No.	Vol.	Price($)
22	10367204	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	936614	9

View Market Depth

No.	Vol.	Price($)
22	10367204	0.007
25	5820111	0.006
24	13261508	0.005
14	25300201	0.004
6	71705003	0.003

Price($)	Vol.	No.
0.008	936614	9
0.009	1274209	8
0.010	888046	9
0.011	59593	2
0.012	149996	2

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last 0.7¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
0.7¢	0.8¢		0.7¢	2351666
Last updated 15.26pm 08/05/2024 ?

CLZ (ASX) Chart

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