Cape Lambert Resources will seek to raise $4 million through a fully underwritten placement to UK and European investors, at a 300% premium to its last closing share price.
"The agreement will see Cape Lambert offer 94.1 million shares at 4.25 cents per share"
http://www.news.com.au/finance/busi...m/news-story/f86e2c094aef7b17d91987bdace90458
Yes that's right sniper. As we now know from history that major CFE investors were non to happy with Sage and the cash drain and share price and were making it clear that they would use there voting shares to show how unhappy they were.
Enter the UK and European investors and 94.1m shares.
As we also know from history provided by these unhappy investors and doc's . AISC continued to fail to again the identity of the "UK and European investors" and 94.1m shares right up to the vote in Dec 2016 to remove Sage where the "UK and European investors" and 94.1m shares turned out to be a law in the Cayman Islands. And of course we know the out come of that vote.
"I know who the smart player is here......."
These are facts and have all been posted
