There are quite a few smelly post-close Friday NRs worthy of sniffing at this evening, but this one from Euromax (EOX.to) wins the stink prize. The basics:
- The placement was set to happen at 7.5c per unit, with a whole warrant priced at 23c
- Now it’s happening at 6.25c, with that whole warrant at 15c.
The $9.2m raise will now all-but double the share count to 331m S/O (and that’s without the warrants) but really that’s just scratching the surface. You need to read the whole of this NR to see exactly how liberally the KY Jelly has been applied to the soft cheeks of EOX. Go have your own laugh, right here.