New Sat (NWT) announced on the 27/1/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 27/1/2010 on which shareholders must own the share to participate in the SPP. The closing date is 25/2/2010. Shares will be issued on 4/3/2010 and begin trading on 9/3/2010. A maximum of $15,000 can be purchased by each shareholder at $0.0052 or a 20% discount to the Volume Weighted Average Price (VWAP).
Discount : 13.3% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 27 January 2010.
Tags: New Sat, NWT, Share Purchase Plan, SPP
