The Entitlement Offer gave Eligible Shareholders the opportunity to subscribe for 1 new Share for every 30 existing Shares held at the Record Date of
The Company received valid applications from shareholders under the Entitlement Offer for 68,339,976 Shares for an amount totalling
In accordance with the Alkane Shortfall Subscription Agreement, notice has been given to
The new Shares and free attaching unquoted Options offered under the Entitlement Offer are expected to be issued on Friday
7,500,000 Broker Shares in consideration for financial advisory services performed by Argonaut and Canaccord in connection with the Entitlement Offer and the recently completed Placement Offer (Broker Offer) will be issued on Friday
Alkane will hold a 12.69% interest in the Company following the issue of the new Shares for the Entitlement Offer and the Broker Offer. Shareholders should confirm their holding before trading the new Shares. Any shareholder who sells new Shares before receiving confirmation of their holding in the form of a holding statement does so at their own risk.
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