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Transol Corporation Ltd Announces Entitlement Offers By Subsidiaries


Thursday, 6 Dec 2012 11:06pm EST 

Transol Corporation Ltd announced that its wholly owned subsidiaries, Valleyarm Digital Limited (Valleyarm) and Strategic Equity Investments Limited (Strategic) each lodged an offer information statement (OIS) with ASIC on December 7, 2012, on the entitlement offers made to Company shareholders by Valleyarm and Strategic. Valleyarm is offering one new fully paid ordinary share for every 10 Company shares held on December 17, 2012, (the record date) at a subscription price of AUD 0.01. The offer is underwritten by Serec Pty Ltd. If fully subscribed it would raise AUD 318,485 before costs of the offer. Strategic is offering one new fully paid ordinary share for every 25 Company shares held on December 17, 2012, (the record date) at a subscription price of AUD 0.01. The offer is underwritten by Serec Pty Ltd. If fully subscribed, Strategic would raise AUD 127,394 before costs of the offer. Upon completion of each of the offers, Valleyarm and Strategic will cease to be subsidiaries of the Company. 

Company Quote

0.0020
-0.0010 -33.33%
17 Oct 2014