Adelaide Energy (ADE) announced on the 18/4/2011 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 12/4/2011 on which shareholders must own the share to participate in the SPP. The closing date is 3/5/2011. Shares will be issued on 17/5/2011 and begin trading on 19/5/2011. A maximum of $15,000 can be purchased by each shareholder at $0.14.
Discount : 6.7% Liquidity : Poor Profitability : Ok Stability : Poor
*Note: Discount is based on the closing price on the 19 April 2011.
Tags: ADE, Adelaide Energy, Share Purchase Plan, SPP
