This placement is inline with the Company’s regular bi-annual capital raisings and replaces the usual first half 2008 share purchase plan.
The successful placement was for 13,303,571 ordinary shares, plus 1,330,357 unlisted options exercisable at $0.37, raising a total of A$3.725 million. The shares were placed to international investors and several funds, based out of London and the Asia/ Pacific region
Oh yes as part of a regular Bi-annual raising eh?? and treplaces the USUAL 2008 First half share purchase plan So it should of been shareholders that copped it . More dilution, buy more equipment yeah.
Smell the coffee!!!!
placement at 28cents, page-4
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