Good news for holders, we're back in business this morning, plus up to $15K worth of shares can be purchased by private investors at the institution placement price of 25cents, a discount of 18.5% to the last trading price.
Register date is August 20th, so good news for those who are considering jumping on board.
"Under the SPP all eligible shareholders will have the opportunity to subscribe for up to $15,000 worth of fully paid ordinary shares. New shares under the SPP will be offered at the same price as the Placement, being 25 cents per share"
From the release referring to Petrohawk acreage this morning, nice to note AZZ has broken the 20,000 acre barrier for Eagle Ford Shale.
Nice to note we're not finished there either "Antares is currently evaluating additional Eagle Ford shale opportunities".
Roll on the test results!
AZZ Price at posting:
31.0¢ Sentiment: LT Buy Disclosure: Held
