rights taken up

After market announcement from Mark Freeman, Executive Director of Nuenco, indicates that shareholders have taken up just over 50% (51.32%) of the Rights issue.

Shareholders have taken 122,832,560 shares or $3,070,814 worth. That leaves the rest (116,501,920 shares or $2,912,548 ) to be taken up by the underwriters.

So it can be declared a success and NEO can go full steam ahead with its drilling campaign now that the funds are assured.

Hopefully there will be a quick payback for those shareholders who had the tenacity and fortitude to stump up for their rights.