Latrobe Magnesium (LMG) announced on the 22/10/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 21/10/2010 on which shareholders must own the share to participate in the SPP. The closing date is 12/11/2010. Shares will be issued on 19/11/2010 and begin trading soon after. A maximum of $7,500 can be purchased by each shareholder at $0.015.
Discount : 16.7% Liquidity : Poor Profitability : Ok Stability : Poor
*Note: Discount is based on the closing price on the 22 October 2010.
Tags: Latrobe Magnesium, LMG, Share Purchase Plan, SPP
