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Ann: Agrees terms of US$30m debt & equity funding with RCF, page-8

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  1. qqqqqqqqq
    8,662 Posts.
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    03/05/18
    10:08
    Post #: 32850454
    $25m US loan at 10%
    $5m US equity at lowest price at time of execution etc..
    Another 333m options at 10c
    Another $28m share issue for which above is subject to... this could be another 400-500m shares at 6c or thereabouts

    Sounds very expensive and massive dilution to me

    Any opinions
    BAT Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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