SYA 2.94% 3.3¢ sayona mining limited

General Discussion Topics, page-128263

  1. 3,080 Posts.
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    Sept 23 QTRly also stated the following in the cashflows report:

    The Company entered into an At-the-Market Subscription Agreement (ATM) (previously
    referred to as a Controlled Placement Agreement (CPA)) with Acuity Capital on 29 October
    2019. On 29 April 2021, the parties agreed to increase the ATM limit from $3 million to a
    new limit of $15 million and to extend the expiry date of the ATM to 31 July 2023. On 1
    March 2022, the Company announced it had agreed to increase the ATM limit to a new limit
    of $50 million.
    On 5 August 2022, the parties agreed to further increase the ATM limit to a new limit of
    $200 million and to extend the expiry date of the ATM to 31 July 2025. To date, the
    Company has utilised the ATM to raise $6.45 million. The remaining standby equity capital
    available under the ATM is $193.55 million. The Company retains full control of all aspects
    of the placement process. There are no requirements on the Company to utilise the facility
    and it may terminate the Agreement at any time, without cost or penalty.

    I think I also read that Acuity Capital the company issuing the line of credit is doing so while holding SYA shares as collateral? Could be wrong but.
 
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Last
3.3¢
Change
-0.001(2.94%)
Mkt cap ! $339.6M
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3.3¢ 3.4¢ 3.3¢ $762.9K 23.10M

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17 6936941 3.3¢
 

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3.4¢ 6177612 24
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