Mint Wireless (MNW) announced on the 28/6/2011 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 27/6/2011 on which shareholders must own the share to participate in the SPP. The closing date is 22/7/2011. Shares will be issued on 28/7/11 and begin trading on 3/8/2011. A maximum of $15,000 can be purchased by each shareholder at 0.10 or a 10% discount to the volume weighted average price.
Discount : 10.0% Liquidity : Poor Profitability : Ok Stability : Poor
*Note: Discount is based on the closing price on the 28 June 2011.
Tags: Mint Wireless, MNW, Share Purchase Plan, SPP
