GREY:ALXDF - Post by User
Comment by
Poriemonon May 31, 2016 8:51pm
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Post# 24921343
RE:RE:private placement
RE:RE:private placementYes, if it is to be eligible for the flow through benefit to the sherholder. You'll notice in AZX's financials that they note that there was a flow through issuance they did in the past where they did not satisfy the requirements and as a result set aside funds in case the shareholders went after them for damages. Similarily it would not be eligible if used for an acquisition.