ALK 4.26% 49.0¢ alkane resources limited

entitlement opportunity closing today

  1. 5,764 Posts.
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    Record Date for determining entitlements under the entitlement offer closes today at 4.00 pm (Perth time).

    Under the entitlement offer, eligible shareholders will have the opportunity to apply for 1 new share for every 10
    Alkane shares held by them as at 4.00 pm (Perth time) on 9 March 2012.

    That represents just over 10% discount to the current on market price.

    Closing time for acceptances is 5.00 pm (Perth time) on
    Thursday, 29 March 2012.

    During the month of March the following NR are expected which potentially could prove to have a positive impact on the current share price..

    * Updated financials DZP.
    * Drilling results Tomingley & Galwadgere.
    * Rare earth MOUs.
    * Resource update Tomingley.
    * Tomingley project approval and confirmation of Credit; & * Suisse debt financing.

    Good luck to all holders..



 
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49.0¢ 2793 2
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