Well, Looks like they issued the shares and options for the loan facility extension from $25M to $28M
- 16,887,500 shares issued at AUD 0.00001
also- 33,775,000 options to be issued to the lender exercisable at $0.079 expiring 12 Aug 2027.
- 16,887,500 options to be issued on drawdown of $3M in Sep 2024 and
- 16,887,500 options to be issued on drawdown of$3M in Jun 2025.
That will take the total shares on issue to about 2.65B
The options as unquoted securites will be added to:
LMGAG : OPTION EXPIRING 12-AUG-2027 EX $0.079 51,337,937
LMGAC : WARRANT EXPIRING VARIOUS DATES EX VARIOUS PRICES 80,000,001
LMGAD : OPTION EXPIRING 23-MAY-2025 EX $0.10 15,000,000
LMGAE : OPTION EXPIRING 22-DEC-2025 EX $0.10 3,000,000
. Total unlisted securites will be about 180M. Interesting that the exercise price has dropped from 10c to 7.9c for the latter issues. I take that as a realisation that they don't expect to hit 10c in October if they announce MgO production and the expectation at this stage is near 8c.
I hope the next 5 weeks go quickly!
