SXT seem focused on raising substantially higher than the current SP and people seem to be willing to accept repayment of loans well above the current price. Am I missing something?
1 Assuming that MG Noteholders and Stratum shareholders agree to reduce the face value of the MG Note3 Assuming a Capital Raising price of $0.02 per Stratum Share.
and convert at a 20% discount to the Capital Raising price (assuming a Capital Raising price of $0.02 per
Stratum Share) together with one free attaching Stratum Option (exercisable at $0.02 on or before 29
February 2016) for every two Stratum Shares issued. This value assumes that 6 months interest has accrued
under the Mt Gold Note prior to conversion.
2 Stratum has been granted loans to the value of $150,000 (Stratum Loans) which will convert at Settlement
into Stratum Shares together with one free attaching Stratum Option (exercisable at $0.02 on or before 29
February 2016) for every Stratum Share issued. The Stratum Loans accrue simple interest at a rate of 1%
per month. This value assumes that 9 months interest has accrued under the Stratum Loans prior to
conversion.
- Forums
- ASX - By Stock
- XEC
- The ASX Casino - Weekly Shell List
The ASX Casino - Weekly Shell List, page-49
-
- There are more pages in this discussion • 4,163 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XEC (ASX) to my watchlist
|
|||||
Last
2,178.7 |
Change
49.300(2.32%) |
Mkt cap ! n/a |
Open | High | Low |
2,129.4 | 2,178.7 | 2,129.4 |
Featured News
XEC (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online