Metgasco (MEL) announced on the 17/6/2011 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 17/6/2011 on which shareholders must own the share to participate in the SPP. The closing date is 21/7/2011. Shares will be issued on 5/8/11 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at 0.26.
Discount : -2.0% Liquidity : Poor Profitability : Ok Stability : Poor
*Note: Discount is based on the closing price on the 20 June 2011.
Tags: MEL, Metgasco, Share Purchase Plan, SPP
