S3R 0.00% 0.4¢ serpentine technologies limited

Ann: S3R to acquire precision fabrication technology business, page-18

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  1. 74 Posts.
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    Hi Anton,

    The company is raising close to $21 million by share issue.


    The company are issuing (pre-consolodation) more than four and a half billion shares at .0035c to purchase K-TIG (not including deferred shares) which equates to a $16 mil capital raise.


    The $5million at .0035 equivalent is for working capital R&D etc. for the business once purchased to meet ASX relisting requirements.

    I am in a similar position of holiding for a while and holding a good swag. The business does look very interesting from the basic reasearch I was able to do.

    All the best.

 
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Currently unlisted public company.

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