Hi thinkfuture, its a part of the deal for subscribers through CPS capital. I have taken a clip of the announcment excerpt below: The successful completion of the raise will result in the issue of 625,000,000 new shares @ $0.008 as per Resolution 1 approved at the March 21 shareholder meeting and 292,500,000 new shares @ $0.008 utilising the Company’s 15% capacity under ASX Listing Rule 7.1
The placement shares are expected to be issued on or around 3 April 2018
.Each share will be issued with a free attaching option on a 1:1 basis,exercisable at $0.015 per share on or before the 30th of November 2021.
CHP Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held