The shares were/will be issued @ 3c (as seen in the 3B) & options @ 0 but the combo bought for 4c by mainly Cove ....
"A$2,500,000 placement at $0.04 per share with an attaching one for one listed option
(AEBO). Empire Equity acted as lead manager to the Placement with clients of Cove Capital major participants"
I admit to being clueless on how these things are usually worded but not sure what other words could be used instead of "placement" in the main ANN or "issue price" in the 3B
5
Issue price or consideration
1. $0.03 per share
2. Options issued at nil consideration
A value of 4c "placed" on a 3c listed share + 0c listed 5c option seemed reasonable to someone or they would not have raised the 2,500,000.
Where is the contradiction? I don't see it .. there's a Placement of 62,500,000 shares which will be listed @3c that are valued at a premium and purchased for 4c because of the listed option.
Maybe they should have said " 2,500,000 raised by selling 3c shares plus a one for one option at the bargain marked (down ) up price of 4c"
AEB Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held