Sipa Resources (SRI) announced on the 28/10/2011 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 27/10/2011 on which shareholders must own the share to participate in the SPP. The closing date is 30/11/2011. Shares will be issued on 8/12/2011 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $0.13.
Discount : 13.3% Liquidity : Poor Profitability : Poor Stability : Poor
*Note: Discount is based on the closing price on the 28 October 2011.
Tags: Share Purchase Plan, SIPA Resources, SPP, SRI
