African Energy Resources (AFR) announced on the 27/11/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 27/11/2009 on which shareholders must own the share to participate in the SPP. The closing date is 21/12/2009. Shares will be issued on 30/12/2009 and begin trading on 31/12/2009. A maximum of $12,000 can be purchased by each shareholder at $0.15.
Discount : -7.1% Liquidity : Poor Profitability : Ok Stability : Poor
www.africanenergyresources.com
* Note: Discount is based on the closing price on the 27 November 2009.
Tags: AFR, African Energy Resources, Share Purchase Plan, SPP
