Austin Resources (AKK) 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 27/3/2012. Shares will be issued on 3/4/2012 and begin trading on 10/4/2012. A maximum of $15,000 can be purchased by each shareholder at $0.029.
Discount : 12.1% Liquidity : Poor Profitability : Poor Stability : Poor
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*Note: Discount is based on the closing price on the 23 February 2012
Tags: AKK, Austin Resources, Share Purchase Plan, SPP
I hold 20 shares of stock with Austin Resources, Inc. It was purchased 26 years ago. How can I confirm that my shares are still good?