Elk Petroleum (ELK) announced on the 2/7/2010 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 1/7/2010 on which shareholders must own the share to participate in the SPP. The closing date is 30/7/2010. Shares will be issued soon after and begin trading on 5/8/2010. A maximum of $15,000 can be purchased by each shareholder at $0.10 or a 15% discount to the volume weighted average price (VWAP).
Discount : 9.1% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 2 July 2010.



