IPO - Rafaella Resources Ltd, page-6

With the two rounds of seed only done last month (refer below), what are likely to be the escrow provisions? Prospectus seems a little vague in using the stock standard provision (i.e. certain shares will be escrowed up to 24 months). From 1c, to 20c, plus 1 for 2 options, all in the space of 30-60 days.

(i) On 6 February 2018, the Company issued 4,650,000 shares to certain investors at an issue price of $0.01 per share to raise $46,500 (“Seed 1 Raising”) plus one attaching option for every two shares issued under the Seed 1 Raising, each exercisable at $0.30 on or before 6 February 2020 (“Seed 1 Options”);

(ii) On 27 February 2018, the Company issued 7,343,750 shares to certain investors at an issue price of $0.08 per share to raise $587,500 (“Seed 2 Raising”);