AUSA/HUGE AUSA got around 113 million outstanding
HUGE 1.4 billion oustanding shares
AUSA just completed PP @ 2.03
AUSA/HUGE cash balance is almost same...but look at AUSA/HUGE outstanding shares...big big difference...
AUSTRALIS COMPLETES $30 MILLION PRIVATE PLACEMENT
Australis Capital Inc. has closed its previously announced non-brokered private placement of units for gross proceeds of $30-million. In order to accommodate oversubscriptions, the company also intends to increase the size of the private placement by an additional $2-million to be completed in a second tranche.
Pursuant to the private placement, Australis Capital issued 14,778,325 units at $2.03 per unit. Each unit consists of one common share in the capital of the company and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one additional share at a price of $2.64 on or before Oct. 25, 2020. In the event that the daily volume-weighted average trading price of the shares is greater than $3.43 for any 10 consecutive trading days, Australis Capital may accelerate the expiry of the warrants.
always looking for new trading plays....