Share Consolidation Following completion of the above placement and rights issue, the Company proposes (subject to shareholder approval) to undertake a consolidation of its share capital on a 1 for 50 basis, following which total shares on issue will be ~123.3 million shares (assuming the rights issue is fully subscribed). Capital Movements Summary Shares on Issue 2,901,783,462 Issue of $507,500 725,000,000 Rights Issue 2,538,748,423 Total Shares on Issue 6,165,531,885 Share Consolidation (50 : 1) 123,310,638 Pro-forma Share Price 3.5 cents Pro-forma Market Capitalisation $4,315,872 Estimated Cash at Bank post-raising $3,350,000"
VIL Price at posting:
6.0¢ Sentiment: None Disclosure: Held
