WMC 0.00% 20.5¢ wiluna mining corporation limited.

Thanks @chadshare . Could some one please explain what this part...

  1. 267 Posts.
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    Thanks @chadshare .

    Could some one please explain what this part of ann means?
    1)Fully underwritten 5 for 2 renounceable Entitlements Issue to raise approximately $36 million (before costs)
    2)Sub-underwriter bookbuild completed by Lead Manager, Hartleys Limited, was heavily oversubscribed, with strong demand from high quality domestic and international institutional and professional investors 3) The significant level of demand for sub-underwriting resulted in an agreed reduction in the quantum of sub-underwriting by MACA, Orion and PYBAR from $13 million to $4 million (in aggregate)

    Your help is much appreciated.
 
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