Empire Oil (EGO) announced on the 11/2/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 5/2/2010 on which shareholders must own the share to participate in the SPP. The closing date is 5/3/2010. Shares will be issued soon after. A maximum of $15,000 can be purchased by each shareholder at a 20% discount to the volume weighted average price (VWAP).
Discount : 20.0% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 11 February 2010.
Tags: Empire Oil, Share Purchase Plan, SPP
