RE: 10.43 Pence17 Sep 2023 21:05
"The Company has agreed to provide the following consideration in return for the Acquisition:
(i) A$50,000,000 value payable at Completion, comprising:
(A) A$35,000,000 in cash (Stage One Payment); and
(B) A$15,000,000 worth of Shares, being 600,000,000 Shares based on a deemed issue
price equal to the capital raisings (A$0.025) (Consideration Shares); and
(ii) A$15,000,000 value payable no later than the 18-month anniversary of Completion (Deferred
Consideration), comprising:
(A) A$7,500,000 in cash (Stage Two Payment); and
(B) such number of Shares equal to A$7,500,000, determined by the VWAP of Shares over
the last 10 trading days on which Shares traded prior to the 18-month anniversary of
Completion (Deferred Consideration Shares), subject to Shareholder approval under
Listing Rule 7.1.
A deposit of A$3,500,000 has been paid by the Company which shall be deducted from the Stage
One Payment on Completion. The deposit is refundable in limited circumstances.
The issues of the Consideration Shares and Deferred Consideration Shares are subject to the
approval of Shareholders pursuant to Listing Rule 7.1. "
35 million for the first tranche are to cover our debt/creditors, at least that's what I thought, but now considering the currency ratio my calculations are probably off, and the newly issued shares are also for the creditors rmm has/had. So my calculations are probably too high and we get a lower price. well let's see, but as far as I know, we have around 30 million pounds debt and not A$ so maybe we leave this fully empty-handed.
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