Looking at the cap raise docs Cannacord received 10m broker options at $0.009 expiring 21 May 2027.They also received a 2% management fee and 4% capital raising fee. The placement wasn't underwritten. I don't know if Cannacord actually took up any shares in their own account in the recent CR. If they did wouldn't this need to be disclosed in the capital raising documents?
Cannacord of course as lead manager placed shares with their clients, and these clients could of course be selling through Cannacord. Is this what you are referring too?
Looking at the cap raise docs Cannacord received 10m broker...
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Mkt cap ! $25.05M | |||
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