Ann: Non Renounceable Rights Issue Prospectus-SYA.AX, page-18

5 m traded today quite low considering the acquisition.

Usually you see a few days of softness as the worry warts and profit takers sell out , then the stock runs up.

Check out AJM ( same corporate adviser ) after they placed stock at 1 cent

2 June 2015
ASX ANNOUNCEMENT

Share Placement Raises Further Funds

Altura Mining Limited (ASX: AJM) is pleased to advise that it has now completed a Placement of 66,143,562 new shares and 33,071,781 new listed options on the same terms as the recently concluded Rights Offer.

The new shares were issued at 1 cent each, and for every two (2) new shares issued, there is a free attaching option exercisable at $0.02 each with an expiry date of 30 June 2016.

As previously announced on 20 May 2015, there was in addition to the strong take up for the entitlement and additional shares, a significant demand to participate in any shortfall. Altura in conjunction with the underwriter, Bizzell Capital Partners, decided to cater for this additional demand via a placement on equal terms with the entitlement issue.

The combination of the Rights Offer and the Placement has brought the overall amount raised by the Company to approximately $3.6 million.

Further, the new shares and new listed options issued include an allotment to Bizzell Capital Partners for their role as lead manager for the Rights Offer and Placement.



In my view the trading of SYA went well today .

There is no doubt there would be some shake out with such a large raise and the negativity in forums like this from Melua and co

I bought some more at 3.1, so feeling happy i find thane to pay last weeks price .