ubject to necessary shareholder approvals, Directors, Lou Panaccio and George Barran have agreed to subscribe under the Second Tranche Placement for a total of $250,000. Trudell Medical Limited, a substantial shareholder of the Company and a company associated with Mr Barran, has agreed to subscribe for a further $220,000. Finally, the new Chief Executive Officer of the Company, Dr Paul Mastoridis has agreed to subscribe for $100,000, for a total Second Tranche Placement to raise $570,000 before costs. The highest and lowest closing market prices of the Shares on ASX during the 3 months of trading up to and including 22 April 2024 and the respective dates of those sales, are: Highest: $0.093 on 15 April 2024 Lowest: $0.028 on 18 April 2024 The volume weighted average sale price on ASX of the Shares during the 3 months immediately preceding the date of this announcement is $0.051. The Issue Price represents a discount of: • 31% to the Company’s closing price on 22 April 2024 of $0.029; • 60% to the Company’s 10 day VWAP of $0.051; and • 60% to the Company’s 30 day VWAP of $0.051. Allotment and issue of the New Shares under the upfront Placement is expected to occur on 3 May 2024, with normal trading of the New Shares issued under the upfront Placement expected to commence on 6 May 2024
Vote NO F way!
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Mkt cap ! $7.021M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.8¢ | $3.74K | 207.7K |
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No. | Vol. | Price($) |
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6 | 816197 | 1.8¢ |
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Price($) | Vol. | No. |
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5 | 292117 | 0.017 |
7 | 1187174 | 0.016 |
3 | 396665 | 0.015 |
5 | 751856 | 0.014 |
Price($) | Vol. | No. |
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0.019 | 283334 | 3 |
0.020 | 1582165 | 4 |
0.021 | 297406 | 2 |
0.022 | 45450 | 1 |
0.023 | 43475 | 1 |
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