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0.93%

53.5¢ fyi resources limited

Large CR's require large dilution-that's par for the course...

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kiwitrev

777 Posts.

47

19/03/18

11:22

Post #: 31851796
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Originally posted by ddzx ↑

ATC previously abandoned plans to patent. looks weird they now have different view

i think you a spamming this FYI thread

FYI high of 17.5 cents today

FYI with backers with deep pockets

FYI Resources (ASX: FYI) (the “Company” or “FYI”), project developer of high purity alumina (HPA) in Western Australia is pleased to announce it will be raising up to $3 million (before costs) through the issue of 37.5 million new fully paid ordinary shares at $0.08 per share (Placement). The Placement will be undertaken in two tranches subject to the Company’s placement capacity.

The Placement is strongly supported by a group of new and existing institutional investors. The Placement is to be cornerstoned by Regal Funds Management, which is expected to hold 13% of the Company, and highly regarded natural resources investor, Paragon Funds Management, will also emerge as a substantial holder.

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Large CR's require large dilution-that's par for the course these types of companies.

FYI Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
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