Nuenco 1-for-2 issue at 6c a share 10:54, Monday, 10 December 2007
Sydney - Monday - December 10: (RWE Australian Business News) - Nuenco NL (ASX:NEO) today announced a non-renounceable rights issue on the basis of one share for every two shares held at the record date of December 18 for 6c a share. Maximum number of shares which may be issued is 102,567,389 to raise $6,154,043. "The company is undertaking this issue to augment its working capital in order to fund its existing operations and future exploration programs," directors said.
NEO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held