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1.2¢ vector resources limited

Ann: Disclosure under LR 7.1A.4(B) and 3.10.5A, page-10

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Big Kahuna 101

3,656 Posts.

265

08/03/19

15:00

Post #: 37700653
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Originally posted by 82Punter: ↑

They issued those within their placement facility limits to settle debts and/or pay for services provided to the company. My view is that's fine as it preserves the cash for funding activities that have to be paid for. I suspect at least part of those shares were issued to the parties that were the subject of resolutions 6(a) and 6(b) (total owing to them of US$450k) as those resolutions were voted down at the EGM, presumably due to the proposed issue price being 1.4c, hence the shares were issued to them at 1.8 instead.

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Fair enough.

~$450k was for debt settlement by my reading.

The remaining ~$2mil is a lot of services....

VEC Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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