Elk Petroleum (ELK) announced on the 27/4/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was 22/4/2009 on which shareholders must own the share to participate in the SPP and the closing date is 14/5/2009. Shares will be issued on 20/5/2009 and start trading soon after this. A maximum of $10,000 can be purchased by each shareholder at $0.09.
Discount : 18.2% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 27 April 2009.
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/
Tags: ELK, ElkPetroleum, Share Purchase Plan, SPP
