LRS 0.00% 16.5¢ latin resources limited

This could result in the monthly issue of $100,000 worth of...

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    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.
    Last edited by retiredyoung: 19/06/18
 
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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
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Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
LRS (ASX) Chart
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