Arafura Resources (ARU) announced on the 22/2/2012 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 21/2/2012 on which shareholders must own the share to participate in the SPP. The closing date is 9/3/2012. Shares will be issued on 14/3/2012 and begin trading on 15/3/2012. A maximum of $15,000 can be purchased by each shareholder at a 10% discount to the volume weighted average price (VWAP).
Discount : 10.0% Liquidity : Good Profitability : Poor Stability : Poor
| www.arafuraresources.com.au |
*Note: Discount is based on the closing price on the 23 February 2012
Tags: Arafura Resources, ARU, Share Purchase Plan, SPP
