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SER has foreshadowed an alternate capital raising plan, which it...

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m0ngy

10,075 Posts.

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15/05/17

18:16

Post #: 24700287
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Originally posted by alanpro ↑

Strategic Energy Resources Cancellation of Rights Issue
Ionic Industries and SER
Dear shareholders and supporters,

We have received a number of enquiries following the announcement today by Strategic Energy Resources (ASX:SER) that it has cancelled its current rights issue. There is some concern that this will have an adverse impact on Ionic's own capital raising initiatives.

We would like to take this opportunity to reassure you that, while Ionic enjoys a strong relationship with SER as our major shareholder, we are not dependent on them. We look forward to the success of our Rights Issue and General Offer based on the strength we have built in the company in the years since we demerged from SER.

We note that SER has foreshadowed an alternate capital raising plan, which it will announce in the near future, and we look forward to working with them once those plans are developed.

All the best,

Simon Savage
Managing Director
Ionic Industries

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SER has foreshadowed an alternate capital raising plan, which it will announce in the near future,

And here comes the loan from the company that will eventually privatise SER leaving shareholders with nothing.

SER Price at posting: 1.1¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $6.710M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
21	4130286	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	3615622	11

View Market Depth

No.	Vol.	Price($)
21	4130286	0.009
20	3546744	0.008
12	2025960	0.007
4	2057091	0.006
5	800000	0.005

Price($)	Vol.	No.
0.010	3615622	11
0.011	790539	6
0.012	4186663	8
0.013	127866	2
0.014	455263	3

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