News 2007
RIGHTS ISSUE - ALLOTMENT AND ISSUE OF SHARES
We are pleased to advise that today the Directors of the Company have resolved to allot and issue 55,249,148 shares at $1.60 per share under the Company's 4 for 5 Renounceable Rights Issue raising $88,398,637.
We confirm that the abovementioned shares have been allocated into an issuer sponsored register with the statement being despatched on 28th May 2007.
After the above allotment and issue of shares, the issued capital of the Company now consists of 127,827,688 shares.
A shortfall notice for 2,813,684 shares has been issued to the Company's underwriters, Euroz Securities Limited, with the allotment and issue of shares under the shortfall notice to take place when applications and funds have been received.
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