trading halt substantial capital raising, page-59

Bigstock you posted information you said was from Patersons about this CR.

Why is it the two lots of information are so different?


Bigstock on the 20/9

"SIGNATURE METALS LIMITED

Share Placement at 2 cents to raise $5m and a 1:5 renounceable Rights Issue at 2 cents to raise circa $5.42 million."



Today: the real announcement

Signature Metals Limited (Company) is very pleased to announce the raising of up to A$13.4 million via a rights issue and placement to accelerate the exploration and development of the Konongo Gold Project in the world class Ashanti Gold Belt.

The Company has secured firm commitments from subscribers to participate in a placement by which the Company will raise $10 million (before costs) through the issue of up to 500 million shares at an issue price of 2 cents each (Placement). Patersons Securities have been appointed Lead Managers for the Placement.

In addition to the Placement the Company will undertake a 1 for 8 renounceable entitlements issue at 2 cents per share to raise approximately $3.4 million (Offer). The Offer is intended to be fully underwritten by Patersons Securities Limited and will be made pursuant to a prospectus to be lodged at ASIC in the near future (Prospectus).


Not even closely resembling each other...

As I said the other day, I would like to see the date and time of the so called Patersons newsletter. If real why would they put out disinformation like that?