Cerro Resources (CJO) announced on the 9/7/2012 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 6/7/2012 on which shareholders must own the share to participate in the SPP. The closing date is 7/8/2012. Shares will be issued on 10/8/2012 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $0.045.
Discount : 17.6% Liquidity : Poor Profitability : Poor Stability : Poor
*Note: Discount is based on the closing price on the 9 July 2012