SHK 0.00% 0.5¢ stone resources australia limited

has raised $1,000,000 via a private placement of 30,303,030 new...

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    has raised $1,000,000 via a private placement of 30,303,030 new fully paid ordinary shares in the capital of the Company (Shares) at an issue price of $0.033 per Share The Placement was made to a sophisticated investor known to the Company.

    lol what guy in there right mind would pay such a premium for his shares, it makes no sense at all
    imo its just a scam to bump up the SP so the company can then raise additional funds at a inflated SP
    the ASX really should be asking some questions here.
 
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Currently unlisted public company.

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