Does that mean that the old capital raising mooted early in April at 7.6 cents per share has been abandoned altogether.??
""Pluton proposes to complete a share placement of up to 96m shares being the 25% available under ASX Listing Rules 7.1 and 7.1A at a price of 7.6¢ to raise up to $7.3m (“Placement”). Places will include Institutions, Sophisticated Investors and Industry Investors who in addition to an equity investment are seeking Stage 4 and Stage 5 offtake. In conjunction with the Placement, the Board is pleased to announce that it has resolved to undertake a renounceable pro-rata offer to shareholders (including those participating in the Placement) of 1 new share for every 3 shares held at the record date at an issue price of 7.6 cents per new share together with 1 attaching option (exercisable @ 10¢ and expiring on 31 March 2017) for every 3 new shares issued to raise up to $12.2m (before costs) (“Rights Issue”). """
End of quotation.....
PLV Price at posting:
9.0¢ Sentiment: None Disclosure: Held
