MNE 5.26% 3.6¢ metallum limited

LOL from the ann: Under the terms of the Agreement, the...

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  1. 1,237 Posts.
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    LOL from the ann:
    Under the terms of the Agreement, the consideration for the acquisition of 100% of the issued capital of Kopore is 137,500,000 fully paid ordinary shares in Metallum at a deemed issue price of $0.02 per share (Consideration Shares). The Company will also issue a further 3,750,000 shares in Metallum at a deemed issue price of $0.02 per share to directors of Kopore in lieu of unpaid directors' fees (Kopore Director Shares)..... Subject to shareholder approval, the Company also proposes to issue 35 million broker and lead manager options in connection with the Capital Raising, on the same terms as the MNE Director

    What I find strange is loyal retail shareholders don't get a chance to buy shares at a deemed price of 0.02 cents
    IMO what I can clearly see here is the big boys will be dumping their shares soon after the capital raise for a huge speedy profit.......
    dyro
 
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Currently unlisted public company.

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