MAN 8.33% 2.6¢ mandrake resources limited

Good morning gentlemen :)As per this section of the "Company...

  1. asf
    9,888 Posts.
    Good morning gentlemen :)

    As per this section of the "Company Update" ANN:

    "Share Placement for ongoing working capital

    "Magna Mining NL (Company) is pleased to announce a Placement under the 15% capacity available to the Company under Listing Rule 7.1 to professional and sophisticated investors of 132,000,000 shares at an issue price of $0.004 per share to raise $528,000, before costs of the issue. The Placement will be fully underwritten."

    I bought shares on the strength of the above: underwritten at .004c and a *completed* placement at that price. So, I am looking forward to the 3B being released re the Placement, and am wondering why shares are being sold into the .003 column.

    A released ANN to the market means that the placement has occurred, yes? Oh, good. People do trade on these ANN's- people like me!

    Cheers and warm regards.

    Shareholder asf.
 
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