Target Energy Limited has received a request to consider making a new entitlement issue to holders of the listed option series trading under the ASX code “TEXO”, which are scheduled to expire on 26 November 2009. Each TEXO option has an exercise price of 25 cents.
The directors of Target Energy have given this matter due consideration and have come to the decision that the Company will not be proceeding with such an entitlement issue.
TEX Price at posting:
4.6¢ Sentiment: ST Buy Disclosure: Held
