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Back trading... as low as 50c. Didn't see mention of SPP.

Under the Placement, the Company will issue approximately 24.6 million New Shares at an issue price of $0.45 per New Share, raising gross proceeds of $11.1 million. New Shares will be issued in two tranches:
- Tranche one to raise approximately $10.65 million via the issue of 23,673,442 New Shares
- Tranche Two to raise $0.4 million via the issue of 893,892 New Shares to Directors and Management which is subject to shareholder approval to be sought at an upcoming General Meeting

The issue price of $0.45 represents a 14.5% discount to the 15-day VWAP of $0.526.

Placement participants will receive a free attaching unlisted option on a 1:3 basis, exercisable at $0.57 with a two-year expiry, thereby potentially raising a further $4.7 million if all Placement Options are exercised within the next 2 years.

<blockquote data-quote="Dona Ferentes" data-source="post: 1224105" data-attributes="member: 66457">Back trading... as low as 50c. Didn&#039;t&nbsp; see mention of SPP.Under the Placement, the Company will issue approximately 24.6 million New Shares at an issue price of $0.45 per New Share, raising gross proceeds of $11.1 million. New Shares will be issued in two tranches:- Tranche one to raise approximately $10.65 million via the issue of 23,673,442 New Shares- Tranche Two to raise $0.4 million via the issue of 893,892 New Shares to Directors and Management which is subject to shareholder approval to be sought at an upcoming General MeetingThe issue price of $0.45 represents a 14.5% discount to the 15-day VWAP of $0.526.Placement participants will receive a free attaching unlisted option on a 1:3 basis, exercisable at $0.57 with a two-year expiry, thereby potentially raising a further $4.7 million if all Placement Options are exercised within the next 2 years.</blockquote>

[QUOTE="Dona Ferentes, post: 1224105, member: 66457"] [I][COLOR=rgb(44, 130, 201)]Back trading... as low as 50c. Didn't see mention of SPP[/COLOR][/I]. Under the Placement, the Company will issue approximately 24.6 million New Shares at an issue price of [B]$0.45[/B] per New Share, raising gross proceeds of $11.1 million. New Shares will be issued in two tranches: - Tranche one to raise approximately $10.65 million via the issue of 23,673,442 New Shares - Tranche Two to raise $0.4 million via the issue of 893,892 New Shares to Directors and Management which is subject to shareholder approval to be sought at an upcoming General Meeting The issue price of $0.45 represents a 14.5% discount to the 15-day VWAP of $0.526. Placement participants will receive a free attaching unlisted option on a 1:3 basis, exercisable at $0.57 with a two-year expiry, thereby potentially raising a further $4.7 million if all Placement Options are exercised within the next 2 years. [/QUOTE]

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