For clarification:
In most of the supporting documentation with the SPP released so far, relates to the raising of $500,000 only
However on the front page of todays announcement, not clearly spelt out
The maximum number of New Shares able to be issued under the SPP is 30% of XTEK's capital being 8,841,728 shares.(= $4.067m, excluding the $3m already placed)
"Able" being the defining description, or legally can do so.
Not for a moment suggesting they will raise more than the $500,000 but they certainly can if they wish.
I imagine the $500,000 would be oversubscribed in a jiffy, so they might add on another $1m or $2m, or have another announcement before the SPP closes regarding a contract and thus say they will raise the $4m.
Not sure, but thought worthy to comment, I will certainly be applying for another $15g worth, only need another 33 shareholders to do the same and the $500,000 will be oversubscribed , which is laughable when you think about it.
cheers
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $20.02M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 19.0¢ | $82.08K | 414.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 47951 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 18328 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 47951 | 0.195 |
2 | 7890 | 0.190 |
1 | 5405 | 0.185 |
2 | 107700 | 0.180 |
1 | 1470 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 8439 | 2 |
0.220 | 51281 | 4 |
0.230 | 41000 | 2 |
0.245 | 40000 | 1 |
0.250 | 21695 | 1 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
HCL (ASX) Chart |