Pacific Andes    Last:0.022   -

Discussion Corner for PACIFIC ANDES RIGHT

Have a question on the free warrant that will be given out for every 5 rights subscribed (correct me if i interpret wrongly based on the article below)?

How to play warrant, anyone can advise. New to warrant play.

 

Sorry previous one the article abit corrupted. Use this one:

The Company is proposing to carry out a renounceable underwritten rights issue of up to 1,523,974,852 new ordinary shares in the capital of the Company (the Rights Shares) at an issue price of S$0.15 for each Rights Share (the Issue Price), with up to 304,794,970 free detachable warrants (the Warrants), each Warrant carrying the right to subscribe for one (1) new ordinary share in the capital of the Company (the New Share) at an exercise price of S$0.23 for each New Share (the Exercise Price), on the basis of one (1) Rights Share for every one (1) existing ordinary share in the capital of the Company (the Shares) held by the Entitled Shareholders (as defined below) as at a time and date to be determined and announced by the Board of Directors for the purpose of determining Shareholders (as defined below) entitlements under the Rights Issue (the Books Closure Date), and one (1) Warrant for every five (5) Rights Shares subscribed, fractional entitlements to be disregarded (the Rights Issue);

 

Article to share b4 start of Discussion

The Company is proposing to carry out a renounceable underwritten

rights issue of up to 1,523,974,852 new ordinary shares in the capital of

the Company (the "

each Rights Share (the "

detachable warrants (the "

to subscribe for one (1) new ordinary share in the capital of the

Company (the "

New Share (the "

for every one (1) existing ordinary share in the capital of the Company

(the "

at a time and date to be determined and announced by the Board of

Directors for the purpose of determining Shareholders' (as defined

below) entitlements under the Rights Issue (the "

Date

subscribed, fractional entitlements to be disregarded (the "

IssueRights Shares") at an issue price of S$0.15 forIssue Price"), with up to 304,794,970 freeWarrants"), each Warrant carrying the rightNew Share") at an exercise price of S$0.23 for eachExercise Price"), on the basis of one (1) Rights ShareShares") held by the Entitled Shareholders (as defined below) asBooks Closure"), and one (1) Warrant for every five (5) Rights SharesRights")