BYH is seeking to raise approximately A$1,000,000 via a placement of 58,823,529 fully paid ordinary shares (“New Shares”) at A$0.017 per share (“Offer Price”) together with two (2) free attaching listed options for every three (3) new shares issued in the Company under the placement (“Free-Attaching Options”)
The issuance of the Free-Attaching Options is subject to shareholders’ approval at the upcoming AGM in Jan’24. Each Free-Attaching Option will be tradeable under the ticker ASX:BYHO, which has an exercise price of A$0.035 and an expiry date on 1 December 2025.