GGE 0.00% 0.5¢ grand gulf energy limited

Ann: COMPANY FINANCING UPDATE AND ACQUISITION OF , page-2

  1. 2,619 Posts.
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    re: Ann: COMPANY FINANCING UPDATE AND ACQUISI... Excellent announcement. As expected SPP announced today with 1:1 rights issue at 0.5 cents to existing shareholders.

    This is annoying for me as I only bought minimum parcel, and was hoping for a 15K allocation. Oh well...

    The better news is that Macquarie is converting 50% of its debt to shares at 0.6 cents. They obviously believe in GGE, and this is going to be a big positive for the SP short term.
 
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