6 cents Correct....
Its a pretty transparent that the company is very intend and genuinely expects the share price to be in excess of 6 cents in order to make a 20% discounted offer at 5 cents to holders. Agree or disagree with the opportunities or developments at hand, I for one love it when directors are highly motivated to get the share price pumping in not too distant future. Expect the broker that picks up the raising assignment to be pumping hard as well.
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