5 June 2006capital raising announcement● Neutral
The 10 cent call raised $1,697,239 on 16,972,390 shares, short of the $1.88 million targeted. Shares still unpaid after 16 June will be forfeited and auctioned, expected around 14 July 2006.
What it means for a shareholder
17.0m new shares at about A$0.100 to raise about A$1.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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