just across my desk from a broker in Perth. Seems the discount is not heavy at all:
"This offer is for Sophisticated and Professional investors only. No staff participation.
Conquest Mining Limited (CQT) has mandated Southern Cross and Azure Capital to undertake a placement of 64.5 m ordinary new shares at $0.62 each to raise approximately $40m.
The company reserves the right to consider over subscriptions of up to $5m .
The Placement will be conducted over 2 tranches, with 40 million shares to be issued in tranche 1.
The second tranche will be subject to an EGM on or around 18 November 2009.
Timetable:
Bids due in Floats TODAY Tuesday at 4.30pm Sydney time.
Settlement: Wednesday 21 October
Expected Settlement date for Tranche 2 Monday 23 November"
just across my desk from a broker in Perth. Seems the discount...
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