Posts Tagged ‘Saracen Mineral’

Saracen Mineral Share Purchase Plan

Thursday, June 25th, 2009
Saracen Mineral Holdings (SAR) announced on the 24/6/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 22/6/2009 on which shareholders must own the share to participate in the SPP. The closing date for the offer is 17/7/2009.  Shares are to be issued on 23/7/2009 and begin trading on 24/7/2009.  A maximum of $5,000 can be purchased by each shareholder at $0.18.

Discount : 5.3% Liquidity : Poor Profitability : Ok Stability : Poor

www.saracen.com.au

* Note: Discount is based on the closing price on the 24 June 2009.

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