Halcygen Pharmaceuticals (HGN) announced on the 25/9/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 7/10/2009 on which shareholders must own the share to participate in the SPP. The closing date is 23/10/2009. Shares will be issued on 30/10/2009 and begin trading on 5/11/2009. A maximum of $15,000 can be purchased by each shareholder at $0.20. The share purchase plan is underwritten up to $4.5 million.
Discount : 49.4% Liquidity : Poor Profitability : Ok Stability : Ok
* Note: Discount is based on the closing price on the 25 September 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: HalcyGen Pharmaceuticals, HGN, Share Purchase Plan, SPP
