CVN 1.28% 19.3¢ carnarvon energy limited

SPP-$5m for retail holders.

  1. 897 Posts.
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    Apologies but obviously I'm not reading the announcement correctly !
    Can someone put us right ?
    EG-CVN has 1,350,000 ,000 shares on issue and proposing to
    raise a miniscule $5m under its SPP @ 39c per share !! (ie separate from the $79m to Institutions).
    Should it be something like only one new share for every say 15 held or similar.
    (NB-my wife is the s/holder)
 
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