3 Apr 2006capital raising announcement● NeutralMajor
Placement of 9.5 million shares at 6 cents to raise $570,000 before costs, for working capital. Offered to sophisticated investors and interests associated with Petroleum Ventures; no shareholder approval needed.
What it means for a shareholder
9.5m new shares at A$0.060 to raise about A$570,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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