spp means "share purchase plan".
PEN is not doing SPP. The 200mil shares are issues to PMH puely for Uranium acquisition purpose. It is called non-Renounceable Entitlement Issue, An offer issued by a corporation to shareholders to purchase more shares of the corporation (usually at a discount). The issue price is 0.083 cents. This is quite positive IMO. AS to the placement to the existing holders, you get 1 share at 6c of every 10 shares plus one free option.
spp means "share purchase plan". PEN is not doing SPP. The...
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