The Share Purchase Plan (or “the Plan”) will be offered to existing shareholders who will have the opportunity to subscribe for -- up to $15,000 worth of new shares -- in the Company at a price of 1.0 cent per share. Registered shareholders as of the 9th May 2014 will be eligible to participate in the Plan. The Share Purchase Plan will close on the 2nd of June and shareholders will be mailed the relevant paperwork over coming days.
I assume if they make this offer they cannot renege on it?
AKK Price at posting:
1.1¢ Sentiment: ST Buy Disclosure: Held