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2.7¢ new energy minerals ltd

Ann: Amendment to Fura Gems Merger of Ruby Assets Agreement, page-40

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cokelator

172 Posts.

34

30/11/18

13:16

Post #: 36704463
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Originally posted by pe981 ↑

No, the $10m was purely a headline number based on future strike price of the various share issue tranches (actually approx 10.9m shares).
No of shares to be issued would be valued around $3.5m (give or take) at recent Sp's. The strike prices of $-50, $1-40 and $1-80 per share were fairly arbitrary and as normal just appeared to be a way of creating a positive headline to confuse

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Oh thanks for that. Hmm, that is really dodgy. Will they be able to even close the deal if ASX took offence?

NXE Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
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