GRN gravity diamonds limited

shares being sold down, page-4

  1. 568 Posts.
    Brunette,

    With all due respects, perhaps you need to read the announcement dated 13/8/04.

    The .32 cent issue is for Gravity Diamonds. Gravity Capital is splitting into two entities. A one for one share placement is to be issued to GRN holders for the separate company Stellar Resources.

    Stellar Resources will have a cash backing of .133 cents.

    BHP B is effectively valuing Gravity Diamonds on its own at .32 cents. As a GRN S/H you will receive equal portion in Stellar Resources, as mentioned with a cash backing of .13 cents.

    If you need furhter clarification the company itself will be happy to answer questions.
 
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