Originally Posted by
oldtech
Although the price for the 1/15 Rights issue is set at $1.70, that's not necessarily true for the additional shares you can apply for. From the Offer Document:
"The Bookbuild Price will be determined by Heartland and the Lead Manager, but will be no less than the Issue Price of $1.70 per New Share and no greater than the close price prior to the day of the bookbuild. The Bookbuild Price will be influenced by the level of demand for New Shares from Institutional Investors at various prices."
So as I read it, if you apply for additional shares over and above the ones you're entitled to, you could be paying anywhere between $1.70 and $1.95 or more, depending on demand - which is probably going to be quite high I imagine.