ASF Group's (ASX:AFA) rights issue closed oversubscribed raising $10,056,629, with an over-subscription of 6,627,188 shares above the total.
The pro-rata non-renounceable 1 for 8 rights issue closed on Thursday, 31 July 2014.
Total received applications from eligible shareholders for entitlements was for 39,433,711 new shares, totalling $7,098,068 and applications under the shortfall facility for 23,063,639 of shortfall shares, totalling $4,151,455.
The company said it will accept in full all eligible shareholders applications including all shortfall applications except for part of the shortfall application from a director of the Company whose applications for shortfall shares was scaled back at the company's discretion.
The allotment of the New Shares will be completed on Thursday, 7 August 2014.
Given the offer was oversubscribed, no new shares are required to be taken up by the underwriters of the offer.The company finished the June quarter with $2,502,698 at bank.
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