BRW breakaway resources limited

Announced to Market on 4/9/2011"Sandfire has entered into a...

  1. 2,355 Posts.
    lightbulb Created with Sketch. 239

    Announced to Market on 4/9/2011

    "Sandfire has entered into a Subscription Agreement with Breakaway under which it will make a
    strategic investment in the Company by subscribing for 26,086,956 fully paid ordinary Breakaway shares at an
    issue price of A$0.023 per share for a total investment of A$600,000.
    The issue price represents a 44% premium to the closing price of Breakaway shares on the 3rd of September,
    the day prior to this announcement being made.why 90% primium to shareholders and only 44% primium to SFR."

    MR Victor Rajasooriar knew that the company had to raise more money from retail investors and that was going to be through the market (this capital raising was not planned today)most companies when doing placements (capital raisings) to sofisticated investors,joint venture partners etc include retail investors at the same price,

    "Mates Pay 0.023, shareholder Pay 0.029" 90% premium

    this crooks are going to get not a penny from me at 0.029 I am sure there will plenty at lower price dumped in the market.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.