from annc in 21 March 2013.
Share Consolidation
Following completion of the above placement and rights issue, the Company proposes (subject to shareholder approval) to undertake a consolidation of its share capital on a 1 for 50 basis, following which total shares on issue will be ~123.3 million shares (assuming the rights issue is fully subscribed).
Capital Movements Summary
Shares on Issue
2,901,783,462
Issue of $507,500
725,000,000
Rights Issue
2,538,748,423
Total Shares on Issue
6,165,531,885
Share Consolidation (50 : 1)
123,310,638
Pro-forma Share Price
3.5 cents
Pro-forma Market Capitalisation
$4,315,872
Estimated Cash at Bank post-raising
$3,350,000"
from annc in 21 March 2013.Share ConsolidationFollowing...
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