- Joined
- 12 April 2005
- Posts
- 842
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- 0
It's EXTDA until the deferred settlement finishes
Commsuck is overloaded
- Thread starter Realist
- Start date
EXT
Sydney - Tuesday - March 13: (RWE Australian Business News) -
Extract Resources Ltd (ASX code: EXT) has entered a conditional
agreement with a syndicate of agents led by Haywood Securities Inc and
including Paradigm Capital Inc, both of Toronto, Canada, to place up to
a total of 18.75 million shares at A80c (on a post 1-for-10
consolidation basis) to raise up to $A15 million (before expenses).
For every two new shares issued, a free option, exercisable at
$1 up to 24 months from the date of issue of the shares, will apply.
As previously announced, a general meeting is to be held
tomorrow, at which Extract is seeking approval from its shareholders
inter alia for a 1-for-10 consolidation of its issued share capital.
This capital raising when closed will satisfy one of the major
conditions pursuant to the heads of agreement with Kalahari Minerals Plc
regarding the consolidation of common Namibian uranium interests, as
announced on December 21 2006.
The capital raising is being made principally to substantial
North American and European institutional investors.
The introduction of these investors to Extract's share register
at this time is expected to facilitate interest in the company ahead of
its planned dual-listing on the Toronto Stock Exchange later in 2007 or
early 2008.
Primary use of the funds from the financing (which is scheduled
to close later this month) is to fund extensive drilling and evaluation
programs planned for 2007 on the company's Namibian uranium interests,
and for general corporate purposes.
Try EXTDA
Sydney - Tuesday - March 13: (RWE Australian Business News) -
Extract Resources Ltd (ASX code: EXT) has entered a conditional
agreement with a syndicate of agents led by Haywood Securities Inc and
including Paradigm Capital Inc, both of Toronto, Canada, to place up to
a total of 18.75 million shares at A80c (on a post 1-for-10
consolidation basis) to raise up to $A15 million (before expenses).
For every two new shares issued, a free option, exercisable at
$1 up to 24 months from the date of issue of the shares, will apply.
As previously announced, a general meeting is to be held
tomorrow, at which Extract is seeking approval from its shareholders
inter alia for a 1-for-10 consolidation of its issued share capital.
This capital raising when closed will satisfy one of the major
conditions pursuant to the heads of agreement with Kalahari Minerals Plc
regarding the consolidation of common Namibian uranium interests, as
announced on December 21 2006.
The capital raising is being made principally to substantial
North American and European institutional investors.
The introduction of these investors to Extract's share register
at this time is expected to facilitate interest in the company ahead of
its planned dual-listing on the Toronto Stock Exchange later in 2007 or
early 2008.
Primary use of the funds from the financing (which is scheduled
to close later this month) is to fund extensive drilling and evaluation
programs planned for 2007 on the company's Namibian uranium interests,
and for general corporate purposes.
Try EXTDA
- Joined
- 31 October 2006
- Posts
- 739
- Reactions
- 0
Does anyone know if commsuck is down?
Cant log in, gives me no errors and just reverts back to the log in page, also the browser can't find the pages when clicking on the links.
Cant log in, gives me no errors and just reverts back to the log in page, also the browser can't find the pages when clicking on the links.
- Joined
- 27 April 2006
- Posts
- 1,109
- Reactions
- 4
should be able to log back in now pat
server problems apparantly
server problems apparantly
- Joined
- 31 October 2006
- Posts
- 739
- Reactions
- 0
Actually Its still pretty f@#ked ATM!
Positions statements are all over the place.
Positions statements are all over the place.
