"Completion of the SPP will result in allotment of approximately 118 million new Blue Energy ordinary shares. The actual number of shares to be issued is subject to final processing of applications. Under the previously announced terms of the SPP, the shares will be issued at a price of $0.1894 per share, being the 5 day volume weighted average price for the 5 trading days up to and including 3 June 2009. The allotment of shares is expected to take place on Friday, 12 June 2009."
BUL Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held
