"$7M POSITIVE RESPONSE TO SHAREHOLDER PURCHASE PLAN & SHARE PLACEMENT I am pleased to inform Shareholders that the Shareholder Purchase Plan (SPP) announced on 9 April that closed on 8 May 2009 raised $4,329,500 at 26 cents per share before costs (subject to cleared funds in the Company’s bank account). In addition the Company has today raised $3,083,600 at 32 cents per share before costs from a Share Placement to clients of Taylor Collison Ltd. The Company is encouraged by the ongoing support from its shareholders and brokers as evidenced by the positive uptake of these offers. Especially as the Petratherm SPP offer was one of many seeking limited shareholder funds in a competitive and difficult market. The funds raised will be applied to fund ongoing exploration and development of the Company’s projects, in particular, the Company’s flagship project Paralana in South Australia."
Looks like trading might start again today. Seems a bit weird when its 3:40 PM already!
PTR Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)