Empire Oil and Gas (EGO) announced on the 15/8/2012 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was 14/8/2012 on which shareholders must own the share to participate in the SPP and the closing date is 7/9/2012. Shares will be issued on 14/9/2012 and begin trading on 18/9/2012. A maximum of $15,000 can be purchased by each shareholder at a 20% discount to the market price.
Discount : 20.0% Liquidity : Poor Profitability : Poor Stability : Poor
* Note: Discount is based on the closing price on the 15 August 2012.