sell down is likely due to the placement
nothing to do with Hot Copper
shares being placed at 3 cents
if the recipients are existing shareholders, they sell their shares to buy them back at 3 cents
The Company has received firm commitments from local and overseas subscribers to participate in a Placement of 70M shares to clients of CPS Securities at a price of $0.03 per share with a free 1:4 attaching option exercisable at 2c on or before 30/09/2011.
major copper gold project acquired in mongolia, page-28
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