The Directors are pleased to advise that following confirmation received from Intersuisse Limited, the underwriter to the above Issue, they have today resolved to allot and issue as part of the Non Renounceable Entitlement Issue a further 11,067,093 ordinary fully paid shares at 19.5 cents each to raise a total of $2,158,083. In addition the Directors have resolved to issue a free attaching option (as set out in the Entitlement Issue offer document) for every two entitlement shares taken up. This will see a further 5,533,546 options issued exerciseable at 25 cents on or before 30 November 2008.
The issue price would oviously be higher now and I think that if you partake in these raisings at the discounted price you stop your holding from being diluted. however I am definately no expert and could be wrong, please correct me if so.
AAM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
