TOE 0.00% 26.0¢ toro energy limited

SPP booklet says that if applications exceed 30% of the total...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 136 Posts.
    lightbulb Created with Sketch. 56
    SPP booklet says that if applications exceed 30% of the total number of shares on issue then the company can decide in its discretion to allocate less than the number of shares applied for. So assuming the cap is set at 30% (which it may not be, as the booklet does not say that it cannot be higher, but the company can decide to cap the issue at 30%), then the total shares that can be issued is 602,421,431 or, in dollar terms, $15,060,535.78 being raised.

    One would expect that there needs to be an almighty great announcement about gold intersects or a serious turn in uranium prices between now and the 25 June closing date for all of those shares to be subscribed for.
 
watchlist Created with Sketch. Add TOE (ASX) to my watchlist
(20min delay)
Last
26.0¢
Change
0.000(0.00%)
Mkt cap ! $25.25M
Open High Low Value Volume
26.5¢ 26.5¢ 24.5¢ $87.57K 347.2K

Buyers (Bids)

No. Vol. Price($)
1 1200 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 54999 1
View Market Depth
Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
TOE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.