ICG 0.00% 0.5¢ inca minerals limited

Does anyone have any idea who took up the placement of shortfall...

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  1. 852 Posts.
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    Does anyone have any idea who took up the placement of shortfall securities? To drop 50k on a spec stock like icg to say the least is a gamble, when the short term sp hinges on S32 signing on. Just trying to piece together the puzzle.

    Inca Minerals Limited (Inca or Company) has completed a placement of 1o,000,000 Shortfall Shares, each
    with a free attaching Shortfall Option, at an issue price of 0.5 cents per share (before raising costs)
    (Placement).
    The Placement was made to an existing shareholder on 7 November 2018 using shortfall securities arising
    out of the offers detailed in the Company’s Prospectus dated 2 August 2018 (Prospectus). The Placement
    raised a total of $50,000 and now means a 73% take-up of the offers under the Prospectus and
    approximately 27% of the offers remain available as shortfall securities for interested shareholders and
    other investors.


    Take care

    Mule
 
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