Advanced Surgical Design and Manufacture Ltd Announces Issuance Of Shares And Rights Issue


Monday, 18 Feb 2013 03:23am EST 

Advanced Surgical Design and Manufacture Ltd announced the issuance of 5,407,349 fully paid ordinary shares at AUD 0.11 each. The shares are issued to provide working capital. Further to the placement, the Company has also entered into an agreement with Kaz Capital, a Director related entity of the Company, to raise approximately a further AUD1,500,000 via a non-renounceable pro-rata rights issue. The rights issue is expected to be conducted on a 1-for-3 basis and be priced at AUD 0.11 per share. 

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