News and Announcements
Gold Anomaly Ltd : Rights Issue Results – Correction
- Published November 15, 2012 2:28PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The Company yesterday announced results of its recent 2 for 3 non-renounceable rights issue which closed on 12 November 2012. Some corrections are required to the results announced and to reflect the terms of the offer which included a 19.9% cap and scale-back in respect of applications for additional shares in excess of a shareholder’s entitlement.
Under the rights issue the Company sought to raise up to $3,745,558.22 from eligible shareholders. Application funds totalling $3,273,831 were received and therefore the issue was undersubscribed by $471,727.22 after application of the 19.9% cap and scale-back. As the rights issue was underwritten as to $2,778,892 the Company will look to the underwriter of the rights issue to account for the undersubscribed amount.
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