Alchemia (ACL) announced on the 7/11/2011 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 3/11/2011 on which shareholders must own the share to participate in the SPP. The closing date is 12/12/2011. Shares will be issued on 15/12/2011 and begin trading on 16/12/2011. A maximum of $15,000 can be purchased by each shareholder at $0.24 or a 15% discount to teh volume weighted average price (VWAP).
Discount : 21.3% Liquidity : Poor Profitability : Poor Stability : Poor
*Note: Discount is based on the closing price on the 7 November 2011.
Tags: ACL, Alchemia, Share Purchase Plan, SPP
