capital raising oversubscribed, page-7

Bozm

Check out section 1.2 of the prospectus information booklet. It reads:

1.2 Top Up Facility;
In addition to subscribing for New Shares in accordance with their Rights, Eligible Shareholders may subscribe for Top Up Shares. The pool of Top Up Shares will be comprised of New Shares which are not subscribed for by Eligible Shareholders pursuant to their Rights. Although there is no
limit to the number of Top Up Shares for which an Eligible Shareholder may subscribe, the Top Up Facility will be capped at 3,000,000 Shares.
The Top Up Facility will not be open to the Underwriter or any sub-underwriters(including IMX and Acorn). However, the Directors will consult with the Underwriter on all aspects of the Top Up Facility. The Directors reserve the right to allocate Top Up Shares at their absolute discretion. Presently, they intend to adopt a broadly
proportional allocation policy in distributing Top Up Shares to eligible applicants for those shares.


Well I must admit I did not read this part earlier.... very generous of the board to allow for a top up provision wich excludes the main underwriters. But really this is only $420,000 worth. I personally doubt that anyone outside the top 20 shareholders will be getting a top up. If any of you regular contributors do please let us others know! (Matt72 - you must be a top 20 shareholder by now)

I must say I am pretty impressed with how the share price has held up so far since going ex entitlement......For sure the price will drop as the quick profit takers off load for a quick profit but all in all it seems the majority of UNX share holders are seeing value and future potential value in this stock.

I would love to see Matt G release an announcement 10 minutes before before tomorrows close of trade with fantastic drill results from Mkuju.... it would just add abit more color to Thursdays trading of new shares.