Sorry - I am obviously not too good at English either!
Iggy made reference to a 'share purchase plan'. This means that existing shareholders (maybe only larger shareholders) will be offered the chance to buy some shares that are being offered as part of the equity fundraising.
Therefore if these shareholders buy shares at the agreed price, they will be able to maintain their existing percentage of shares which they own... For instance Creat Resource own about 12% of GXY shares.. the share purchase plan may give them a chance to buy 5 million shares at a set price ... and as a result their share percentage ownership would remain at roughly 12% of GXY shares after the dilution
There are more factors than this which make it more complex but I hope that helps.
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just out a new pr on galaxy web site...., page-4
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