got screwed?
Sydney - Monday - December 5: (RWE Aust Business News) - Jackson Gold Ltd (ASX:JAK) has placed 10 million shares at 10.5c to professional investors, raising $1.05m. Investors include an entity associated with Tony Poli which will become a substantial shareholder in the company. Jackson has an advisory agreement with Mr Poli's Omega Management Services for 12 months, to be remunerated by the issue of 5m unlisted 20c options expiring December 1 2008. The company expects the transaction will enhance its ability to consolidate its projects and participate in growth opportunities in the gold and nickel mining industries. Jackson shares last traded at 13.5c.
JAK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
