WCP XE basis trading tomorrow?
Not 100% clear to me.
The company should spell this out today with an ann.
URANOZ IPO BACKGROUND
Uranoz will own WCP’s uranium assets in
South Australia and West Australia.
WCP expects to lodge the prospectus shortly.
In order to accelerate the exploration plans in Uranoz and given the positive response to the announced IPO, the Company has decided to increase the amount of oversubscriptions from $2 million to $4 million so that the total potential fund raising could reach $12 million. WCP shareholders will have an entitlement to the Uranoz share offering of a proposed minimum of 20 million shares, the allocation of which will be at the discretion of the Uranoz board of directors, with a priority given to those WCP shareholders who hold a minimum of 20,000 shares as at the entitlement date.
The entitlement date has now been set at 15 May 2007.
The prospectus will be available at the Uranoz website on www.uranoz.com.au and the Company website on www.wcpresources.com.au.
For further information contact WCP Resources at (02) 9248 6900
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