PNA 0.00% $1.84 panaust limited

Ann: Trading Halt , page-21

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    The issue price for the Institutional Placement and Entitlements Offer is A$0.28 per share
    (�gIssue Price�h); a 29.1% discount to the last closing price of PanAust shares on 25 May 2009
    and a 24.3% discount to the theoretical ex�]rights price1.

    Thats no so bad is it?
 
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Currently unlisted public company.

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