Archer Exploration (AXE) announced on the 29/3/2012 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 28/3/2012 on which shareholders must own the share to participate in the SPP. The closing date is 7/5/2012. Shares will be issued on 16/5/2012. A maximum of $15,000 can be purchased by each shareholder at $0.30.
Discount : 10.0% Liquidity : Poor Profitability : Poor Stability : Poor
*Note: Discount is based on the closing price on the 29 March 2012