off the top of my head, a good example would be Midwest corp code MIS did it in mid-year 2005 or 2006 when their share price was about 40-45 cents.. Simillar situtaion, cap raising with a SPP..
Share price for them is now 1.7+...
TRO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held