Hi Bandicoot
on top of rights issue of 2 for 5 at 7.5c,CBH will,quote:
"To assist in providing the cash funds of $8.8m needed....Toho Zinc Co will subscribe for $7.5m of shares in the company each at an issue price of 7.5c."
(In my book that's 100 m shares).
Clough Ltd refused to participate in the issue,but will be given add.4.33m shares (a freebie?)
See www.asx.com.au for todays ann.,pages 1 & 3.
Regards
Nous
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