Funding
Sunshine is pleased to announce that firm commitments have been received to raise $3.6m (before
costs) by way of a placement at an issue price of $0.015 per share (“Placement”). The Placement
was strongly supported by existing shareholders and new institutional, sophisticated and
professional investors.
Approximately 189.4 million Placement Shares will be issued in Tranche 1 of the Placement, under
ASX Listing Rule 7.1 and 7.1A, with settlement expected to occur on or about Friday 12 May 2023.
Yep. Someone or group has a lot of shares to off load, i'm thinking?
Refer to ann. 8/05/23, pg 17 &18.
gall
jmo
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