Posted by rikki > 2015-04-28 11:05 | Report Abuse

On behalf of the Board of Directors of Bornoil, RHB Investment Bank Berhad wishes to announce that the Company proposes to undertake a renounceable rights issue of up to 2,373,841,596 new ordinary shares of RM0.10 each in Bornoil ("Bornoil Share(s)") ("Rights Share(s)") at an indicative issue price of RM0.10 per Rights Share on the basis of six (6) Rights Shares for every one (1) existing Bornoil Share held, together with up to 1,186,920,798 free detachable warrants in Bornoil ("Warrant(s) C") on the basis of one (1) free Warrant C for every two (2) Rights Shares subscribed for, on an entitlement date to be determined later ("Proposed Rights Issue with Warrants").

Based on your example above, free warrants should be 30,000 units instead of 20,000 units.