Remember JEP right issues back in NOV 2016, they priced their rights issue at $0.02 with exercise price $0.02. For VIKING case, they priced it at $0.018 with their exercise price at $0.025. They are pricing their right issue lower than the exercise warrant price, one reason we see is that they are confidence of the recovery in the OIL & GAS beyond 2018 & 2019. Effectively, if one was to buy the Viking R at $0.001 and apply the rights at $0.018(the ultimate cost is $0.019) with the warrant still way out of the money($0.025).
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