Navigator Resources (NAV) announced on the 27/5/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 27/5/2009 on which shareholders must own the share to participate in the SPP and the closing date is 10/6/2009. Shares are to be issued on 15/6/2009 and begin trading on 17/6/2009. A maximum of $5,000 can be purchased by each shareholder at a 15% discount to the volume wieghted average price (VWAP) prior to issue.
Discount : 15% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 27 May 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: NAV, Navigator Resources, Share Purchase Plan, SPP
