Quick thumbnail sketch TSX listed Stone Resources will provide funds @ 2.5 cents per share to be issued 89.7m shares. Also will provide $12m redeemable convertible note. Conversion option within 12 months 3.5 cents per share. Conversion option then becomes 6 cents per share. Note to be repaid in 2 years.
There will also be an SPP $2.5m @ 2.5 cents per share for existing shareholders.
You can read the rest. I am surprised that under the circumstances they have pulled this off.
Good luck all.
refinancing news on asx site, page-2
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $31.02M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.0¢ | 5.7¢ | $27.35K | 468.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 102322 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 231664 | 2 |
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| Last trade - 15.42pm 11/07/2024 (20 minute delay) ? |
| AAM (ASX) Chart |