GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Capital Raising Update, page-40

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  1. 2,345 Posts.
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    Has anyone tried finding out what price the CR is being conducted?
    (I refuse to talk to them, but am interested in what they are promising now).

    If anyone does ring, it will be interesting to see how they deal with the takeover provisions...

    If placed to one SI @$0.015, the 20% mark would be breached and the takeover provisions would apply...

    So it would likely have to be two SIs similar to the XST deal...

    If anyone is calling up here are some q's.

    1. How many SI's?
    2. Will the takeover provisions apply (i.e. is an SI going to receive more than 15% holding)?
    3. What price
 
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