Warrants23 May 2025 07:59
111,111,111 share placing - ok. But is it usual to have 6x that amount in Warrants attached ?
The Fundraise has been undertaken by means of the Placing pursuant to which, the Company will issue 111,111,111 ordinary shares at a price of 0.9p per new ordinary share ("Issue Price").
Warrants
In connection with the Fundraise, The Company has issued 6,666,666 warrants to its broker exercisable at the Issue Price and valid for a period of 3 years from the date of Admission.