RE: Cracking RNs3 Feb 2021 16:59
The CULs are convertible into ordinary shares in the Company at a conversion price of 0.05p each
current: 1.454B
Proposed £450,000 investment by Sabien's Chairman at an issue price of 0.1075p per share (the "Placing Price") via the issue of 418,604,651 new ordinary shares
Issue of 418,604,651 warrants to subscribe for Ordinary Shares in the Company ("Placing Warrants"), to Richard Parris, exercisable at 0.05p per share;
so that's 1.454b + 836m in placing + warrants = 2.29 Billion
with now £1.7m cash
Not issued yet: 2.5B - see below
the Company announced the issue of 2,500,000,000 warrants to subscribe for Ordinary Shares in the Company at a price of 0.1p per warrant