It looks a pretty good deal with initial funding at 3c but worth noting, the bulk of the funding is via the note which includes a 67c redemption premium.
Instead of 300m shares for $9m FS get 500m for $9m or 1.8c per share assuming conversion.
Ann: TPS Secures $10.5 Funding Package for Acquisition Strategy-TPS.AX, page-3
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
