"In consideration for the additional 10% equity in KORID, the Company will issue the equivalent ofAU$750,000 worth of stock at a deemed issue price of thegreater of the 10 traded day VWAP forPOW shares prior to completion or AU$0.03 per share. The transaction will result in Protean securingcontrol of KORID. Protean also has the right to appoint the Chairman and MD of KORID."
Issued at a 36% premium from current market price!
Ann: Increase in Ownership of KORID Energy to Drive Opportunities, page-5
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