"when are these shares given out to be able to be traded? thanks"
A quick look at the latest announcements would answer that for you:
Last day for acceptance and payment in full 21st September 2009
ASX notified of under subscriptions 21 September 2009
Holding Statements dispatched 24 September 2009
Normal trading commences 25 September 2009
OFFER STATISTICS:
Number of New Shares to be issued and offered to
Shareholders 59,013,285
Issue Price 4 cents per New Share
4. EFFECT OF RIGHTS ISSUE ON THE COMPANY
4.1 Principal Effects
Assuming the Rights Issue is fully subscribed the principal effects are as follows:
(a) The Company will issue 59,013,285 New Shares and the total number of Shares on issue will increase to 236,053,142. The New Shares will constitute approximately 25% of the expanded issued Share capital of 236,053,142 Shares.
(b) The Rights Issue will also increase the Company’s cash reserves by approximately $2,360,351 (before expenses of the Rights Issue) to enable the Company to proceed with proposed acquisition of new businesses and costs associated therewith.
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