"the loan provides for warrants to the value of 3% of the facility amount, to be issued at a 30% premium to the lower of spot or 20 day vwap - ie. US$1.8M. This was from Craig Readhead the chairman."
WOW. That is not information that has been published on the ASX platform as far as I know. Not even in the merger documentation.
This is the extent of the definition of the Sprott Warrants in the merger document
Sprott Warrants any warrants issued to Sprott Private Resource Lending (Collector),
LP, or its nominee, pursuant to the credit facility announced by
Beadell to ASX on 26 February 2018.
No mention of the amounts or prices of these warrants in the disclosure documents.
Eshmun
BDR Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held
