CR just happened, need to read the announcements. If you work out $3.5m @ 2.7c each = 129,629,629 shares + 15m shares @ 2c = 131,129,629 shares
Placement
(a) the funds for the Placements are expected to be received by the Company on Monday 8 May 2017;
(b) the shares under the Placements are expected to be issued on Tuesday 9 May 2017; and
(c) the Company expects to lodge a cleansing prospectus on Tuesday 9 May 2017 for the purpose of facilitating secondary trading of the shares issued under the Placements from the time they are issued. The above dates are indicative only and are subject to change at the Company and Hunter Capital’s mutual agreement.
Thred will advise the market accordingly when the finalisation of the Placement occurs.
Next announcement will probably be based on the issuance of these shares; however, tomorrow is dependent on the clearance of the funds
THD Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
