RE:RE:RE:Hr. SuggestionFrom I3e AGM, June 30, 2020
I3e more dilution to come
3. What is the Board’s current strategy regarding raising $60m funding for the potential new Canadian oil & gas assets?
The Company is in discussions with its investors and brokers and is seeking funding for the consideration of the proposed transactions and general corporate purposes. On success, this could be achieved by way of equity or equity plus debt.
4. In particular, current shareholders are concerned about further extreme dilution. Can they be assured that these acquisitions are in the interests of shareholders and not just the directors looking for salaries?
The directors of the Company fully support the entry into the proposed transactions and believe they are in the best interests of i3’s shareholders.
6. When does the company envisage the shares being brought out of suspension and listed again on AIM & TSX?
If successful, the proposed transactions will result in the resumption of trading between mid-August and late-September.
https://i3.energy/investor-relations/shareholder-faqs/