With markets generally weaker of late it looks as if UXA are going to test the 10c level as smaller holders are unlikely to take up their full $15,000 entitlement. Giving every shareholder the right to buy $15,000 worth no matter if they only hold $500 worth of stock or not, now looks questionable.
Looking for a low price in the 9c - 10c range if markets in general continue to suffer setbacks.
Ann: Capital Raising and Acquisition , page-6
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