RGU 0.00% 19.5¢ regalpoint resources limited

Very interesting top 20, page-5

  1. 2 Posts.
    "The Company is also undertaking a $2 million capital raising via a 3 for 1 renounceable rights issue @$0.01 (with 1 free attaching option for every 2 shares subscribed) (Rights Issue or Offer) with Patersons Securities Limited (Paterson’s) retained as lead manager and to underwrite the Offer."

    RGU will provide a loan (which may be convertible into equity) to Impact to enable it to progress the Alliance objectives. An initial loan of up to $500,000 will be provided, and subject to progress of the business plan and any necessary regulatory approvals, RGU may provide additional loan funds of up to $500,000.

    The Alliance will be subject to governance arrangements, budget and controls, and key milestones, which will be outlined in the formal documentation (currently under preparation).

    Asconsideration for entering into the Alliance and the provision of the loan, Impact will grant to RGU:  10% of the fully paid ordinary shares in the capital of Impact (Impact Shares), per $500,000 loan value, on a fully diluted basis; and  a 12 month option to acquire the remaining Impact Shares (80% or 90% as the case may be) at an exercise price of $1.56m (less the value of any loan funds outstanding) to be satisfied by the issue of shares in RGU at the same issue price and terms as the Rights Issue.
 
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Currently unlisted public company.

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