I think there is an additional 10% limit if shareholders have previously approved by special resolution.
Given we issued 9m shares in September it means if they want tap an additional 10% share issue without approval, and they want to raise $50m, then they need to raise at around $8 a share.
Bring it on.
Capital Raising, page-18
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$1.13 |
Change
0.070(6.60%) |
Mkt cap ! $271.0M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.24 | $1.12 | $2.641M | 2.247M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25499 | $1.13 |
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| Price($) | Vol. | No. |
|---|---|---|
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