PhosCo Ltd (ASX: PHO) announced that its key shareholders have exercised approx. 20 million PHO options to buy approx. 20 million fully paid ordinary shares for a total consideration of AU$2 million. This includes options exercised by substantial shareholders:
The fund raised via the exercise of these options in addition to the AU$1.8 million cash on hand on 30 June 2022, will be used for preparatory work on Chaketma and early-stage work for the new tenements when they are granted.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
