Announecment out:
"Polaris Metals NL (ASX: POL, “Polaris”) is pleased to announce a renounceable rights issue (Rights Issue) to raise approximately $11.6 million before costs.
The Rights Issue is fully underwritten by Patersons Securities Limited and offers one new share for every five shares held at an issue price of 45 cents per share. The company will apply for quotation of the new shares on ASX.
The funds raised will enable Polaris to complete pre-feasibility studies on the Yilgarn and Poondano Iron Ore Projects and move into further development with a view to commencing production in 2010."
cheers.
fully underwritten renounceable rights issue.
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add POL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
-0.005(1.96%) |
Mkt cap ! $46.69M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 25.0¢ | $2.171K | 8.685K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25510 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 64465 | 1 |
View Market Depth
| Last trade - 12.53pm 28/06/2024 (20 minute delay) ? |
| POL (ASX) Chart |