"Nylex Limited today lodged a prospectus with the Australian Stock Exchange for a fully-underwitten rights issue to raise $30 million, as part of a $40 million capital raising program. The capital raising, foreshadowed in broad terms on 7 August, 2006, comprises a renounceable share rights issue to existing shareholders to raise $20 million and a convertible notes rights issue to raise $10 million. Patersons Securites Limited is the underwriter of the issue, with sub-underwriters being Garden Park Equities Pty Ltd (“GPE”) and Harmony Investment Fund Limited (“Harmony”)."
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