MOG
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0.00% 0.5¢ moby oil & gas ltd

re: Ann: Placement of 11,925,822 shares to Ex... Just realised...

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  1. ronstieb
    6,352 Posts.
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    16/11/09
    17:43
    Post #: 5919700
    re: Ann: Placement of 11,925,822 shares to Ex... Just realised the (odd number)11,925,822 share placement is exactly 15% of the prior shares on issue. Up to 15% doesn't require shareholder approval.
    Obviuosly they sweetened the deal to offerees by making them cum RI entitlement.
    Sort of like giving a free 1:1 attached option exercisable at 18c.
    MOG Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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