RE: Applegarth27 Jul 2018 16:33
Each Placing Share issued has an accompanying unlisted and non-transferrable warrant to subscribe for an additional Greatland new ordinary share at a price of 2.0p at any time within the 12 months following admission to trading of the Placing Shares (representing the issue of a total of 212,000,000 warrants).  Each warrant will include an accelerated exercise condition ("Accelerator") such that in the event the that the Company's volume weighted average share price exceeds 3.0p for a period of five consecutive trading days the Company shall have the right, but not the obligation, to give holders of the warrants 7 calendar days' notice that the warrants must be exercised within a further 14 calendar days, following which they will otherwise expire. Should all of these warrants be exercised, a further £4,240,000 will be raised for the Company at a price of 2.0p.
READ BETWEEN THE LINES
The directors are obviously optimistic. 1st we need to get to a weighted average of more than 3p for 5 days and the warrants will be exercised at 2p. If you are existing shareholder / investor, you should be smiling. Honestly, think very carefully about it
I just cannot believe my luck and opportunity to buy more. 1.27p now and 3p within 12 months?
DYOR and GLA