Considering the¨new investor Redelinghuys to invest $205,000 at...

Considering the¨new investor Redelinghuys to invest $205,000 at 1.5 cents, $500,000 Placement, Rights Issue to raise not less than $500,000, Fairhurst 650 000 shares and $1.1 million issue for Mason and others for loans and salaries the dilution would be about 200%


"..announce that it has placed
13.667 million shares at 1.5 cents to raise $205,000 cash to a new cornerstone investor, Mr. Gerhard Redelinghuys, founder of Bowen Coking Coal Ltd, Queensland. This is a part of the Placement announced to the ASX on 15 April 2024, being the total amount of stock the Company has available for placing at this time.
A subscription for a further 6.333 million shares at the same price ($95,000) has been agreed to by Mr.Redelinghuys, which will be placed as a part of the total intended $500,000 Placement, subject to approval at the Company's planned EGM in late May 2024. The Company expects to have binding commitments to the remainder of the Placement shortly.

NewPeak will also undertake a Rights Issue to raise not less than $500,000 at the same issue price as the Placement shares."
see:
https://hotcopper.com.au/threads/ann-205-000-placement-completed.7964993/