South American Iron & Steel (SAY) announced on the 30/7/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is the 7/8/2009 on which shareholders must own the share to participate in the SPP. The closing date is 25/8/2009. Shares will be issued on 4/9/2009 and begin trading soon after. A maximum of $15,000 can be purchased by each shareholder at $0.078.
Discount : 22.0% Liquidity : Poor Profitability : Ok Stability : Poor
* Note: Discount is based on the closing price on the 30 July 2009.
