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18.5¢ avz minerals limited

Correct, 186m options for Huayou plus I have an additional...

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elphamale

1,047 Posts.

781

01/03/19

10:04

Post #: 37616085
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Originally posted by 8horse ↑

Huayou got 186m 10c options from their first CR.
For them to convert, the share price had to stay above 10c, it’s hard based on current share price.

The placement to Huayou will comprise 186 million shares at an issue price of 7 cents per share, together with 186 million attaching options exercisable at 10 cents and expiring 20 months from the date of issue to raise $13,020,000. Huayou will also have the right to appoint a nominee to the AVZ Board.

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Correct, 186m options for Huayou plus I have an additional 28,285,714 options at 10c on an old spreadsheet (need to check who they belong to) that are due to expire on the same date.

Cheers

AVZ Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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