ii) 348,510,371 new Ordinary Shares at a price of 0.0198875 pence per share pursuant to the conversion of US$100,000 of outstanding principal amount under the Company's convertible loan facility (the "Facility") with YA Global Master SPV Ltd ("YA Global").
You can add the shares for the interest also at that price, so in my opinion that is the average price.
415m odd shares issued for borrowing $100,000. RNS dated 11th. I know that includes all the additional shares for interest and consultation but I thought more accurate to include everything? Maybe not.... I dunno? Gives us an indication of the 'minimum' price they would have paid for the shares surely? Divide $100,000 USD by the total shares issued and convert to GBP. Either way, they don't appear to make much
They must be by now. Flesh how did you work out that 0.0165 average for YA. TSense I imagine the closed period is for Avoca mine dumps and projection figures from the FD. They said this would be completed during May then drilling work at Bailieston in June.
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