Can't get much lower than 0.001 issue price and a 1 for 1 offer... a tenth of a cent lol
Sun Biomedical Limited (ASX:SBN) wishes to advise that the Company has today undertaken a renounceable rights issue.
The Rights Issue is on the basis of a one (1) New Share for every one (1) Share held by Shareholders registered at 7.00pm EST on 29 October 2009 at an issue price of $0.001 per New Share to raise approximately $891,456. Shareholders will also have the right to apply for additional New Shares under a Shortfall Facility. The rights issue is fully underwritten by Patersons Securities Limited. DYOR
