Proposed Capital Structure
The Company is seeking to raise $5 million through the issue of 250 million shares at an issue price of 2c per share, together with 1 free attaching option (4c, 3 years) for every 5 shares issued. The proforma capital structure on completion of the Offer and the Acquisition is set out below:
| |
Shares
|
Performance
Shares
|
Options
|
| Existing Securities |
34,524,911 |
- |
- |
| Options to be issued under seed raising (4c, 3 years) |
- |
- |
30,000,000 |
| Securities to be issued to vendors under Acquisition |
122,500,000 |
50,000,0001 |
- |
| Public Offer |
250,000,000 |
- |
50,000,000 |
| Securities to be issued on conversion of Convertible Notes2 |
20,000,000 |
- |
20,000,000 |
| Great Sandy Shares3 |
7,500,000 |
- |
- |
| Promoter Shares |
10,000,000 |
- |
- |
| Facilitator Options |
- |
- |
15,000,000 |
| Total |
444,524,911 |
50,000,000 |
115,000,000 |
- Performance shares will convert into fully paid ordinary shares if specified performance milestones are met
- Securities to be issued on completion of Acquisition to convert convertible notes on issue in Rolhold
- Shares to be issued in connection with acquisition of FeMn Rights
|
Post transaction
|
Value
|
|
Cash
|
~$4.5M
|
|
Market capitalisation
|
$8,9M |
|
Enterprise value
|
$4.4M |
