This could result in the monthly issue of $100,000 worth of shares priced at 90% of the average of 5 daily VWAPS chosen by the Investor from the prior 20 Trading Days.
Repayments:
Commencing 90 days after advancing funds, the Company must make monthly
repayments of 1/20 of the original Face Value of the relevant note.
The Company may make these payments, at its option, in cash (at a 3% premium),
or (subject to having available capacity at the time) in shares (priced at 90% of the
average of 5 daily VWAPS chosen by the Investor from the prior 20 Trading Days), or
a combination of both. Provided however that the maximum number of new shares
that the Company may issue in respect of a note (on conversion or repayment),
without obtaining shareholder approval in respect of the issue, will be initially
capped at 238 million shares unless the Company obtains shareholder approval in
which event the Convertible Securities will be subject to a cap of the amount
approved by shareholders.
- Forums
- ASX - By Stock
- Ann: $6m funding & earn in package to advance Lithium Projects
This could result in the monthly issue of $100,000 worth of...
-
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LRS (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.3¢ | $2.888M | 17.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 2375951 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 1225997 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 215700 | 0.175 |
6 | 630000 | 0.170 |
7 | 1125150 | 0.165 |
8 | 1918920 | 0.160 |
10 | 651683 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1869389 | 8 |
0.190 | 3947046 | 21 |
0.195 | 3325980 | 9 |
0.200 | 2906221 | 23 |
0.205 | 1881708 | 11 |
Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
LRS (ASX) Chart |