K2fly Enters $1.53 million underwriting agreement with K S Capital Pty Limited

K2fly Limited (ASX: K2F) has entered into an underwriting agreement in respect of the 7,650,000 listed options (ASX: K2FOA) (Options) with K S Capital Pty Limited (Underwriter) up to an amount of AUD1.53 million. The listed options are exercisable at AUD 0.20 per option. This agreement represents approximately 60 per cent of K2FOA Options on the issue.

The options will expire on 18 May 2020.

The Underwriter will be paid a fee of 6% of the underwritten amount, in addition to that will be issued one unlisted option in the Company (with an exercise price of $0.30 each and expiry date of 3 years from the date of issue) for every 4 Options underwritten (New Option).

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK