Northern Energy Corporation (NEC) announced on the 11/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 18/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 22/7/2009. Shares will be issued on 3/8/2009 and begin trading on the 4/8/2009. A maximum of $10,000 can be purchased by each shareholder at $0.35. The offer is underwritten.
Discount : 1.4% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 2 July 2009.
Tags: NEC, Northern Energy Corporation, Share Purchase Plan, SPP
