re: Ann: Extension of Share Purchase Plan Clo... Thanks M/Nut, but just to clarify today sellers tend to be sophisticated s/holders or possible institutions who have already received their allotments?
The SPP has nothing to do with the loan drawdown facility.
But what are the issues in connection with this facility?
Is it just a matter of re-rerunning the feasibility of the project?
The $1.5m paid upfront by Raisama is to the sharebroker for organising the SPP? OR is it to the loan facilitator?
Any other risks?
re: Ann: Extension of Share Purchase Plan Clo... Thanks M/Nut,...
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