SYDNEY (Indonesia Today) – Intrepid Mines Limited has completed the first tranche of share placement to Indonesian politician and businessman Surya Paloh.
Intrepid informed ASX Thursday (August 16) that the first of two potential tranches of performance rights regarding the placement of 27.68 million shares for a nominal price has been completed.
Additionally, Intrepid has issued to Surya Paloh, for no consideration, 25.6 million performance rights to ordinary shares, which vest upon the daily volume-weighted average price of Intrepid shares equalling or exceeding A$1 for one full calendar month on the ASX.