Yahoo Finance
Australian Bauxite Limited announces Share Purchase Plan
Edited by : AL CIRCLE
1 min read
Australian Bauxite Limited announced a Share Purchase Plan (SPP) offering eligible shareholders the opportunity to purchase shares in ABx without brokerage or other related charges.
Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in the recently completed placement.
Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in ABx at 5.00 pm (EST) on 7 June 2012 and whose registered address is in Australia or New Zealand.
Shareholders can purchase shares totaling up to $15,000.
Funds raised through the SPP will be used to progress the company's drilling and development programs and to provide working capital.
Shares issued under the SPP will rank equally with existing shares.
Shareholders can purchase for $0.39 per share, which is the same price paid by brokers and professional investors in the recently completed placement.
Participation in the Offer is optional and is open to Eligible Shareholders who were holders of Shares in ABx at 5.00 pm (EST) on 7 June 2012 and whose registered address is in Australia or New Zealand.
Shareholders can purchase shares totaling up to $15,000.
Funds raised through the SPP will be used to progress the company's drilling and development programs and to provide working capital.
Shares issued under the SPP will rank equally with existing shares.
Previous article
Bauxite shipments from Ghana slip by 22%
Next articleIIAS recommends stakeholders of Sesa-Sterlite to vote against the merger
Grow with
AL Circle
