ADY admiralty resources nl.
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oversubscribed, page-7

  1. SilentPartnr
    2,243 Posts.
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    03/11/09
    10:33
    Post #: 5865921
    Refer page 5 of ADY's Rights offer Letter. Shortfall is made under Rukle 7.2 Exception 3 (i.e. Shortfall to rights issue does not require shareholder approval) therefore can only issue shares up to limit of rights issue i.e. Total Rights issue plus shortfall must be equal or less than fully subscribed rights issue.

    Anyway, that is how I read it.

    Regards

    SP
    ADY Price at posting: 1.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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