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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime

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Apollo Consolidated Ltd announces proposed underwritten non-renounceable rights issue to fund drilling program

Monday, 17 Mar 2014 05:33pm EDT 

Apollo Consolidated Ltd:Announces intention to proceed with pro-rata non-renounceable rights issue to raise about A$636,000 to fund the company's priority exploration program at Seguela Project in Cote d’Ivoire.Executes mandate with BBY Limited (BBY) to act as lead manager to the offer and, subject to execution of underwriting agreement; intends for BBY to fully underwrite the offer.Funds raised through this rights issue are to be applied to first-ever drilling program on the property, with aim of testing the best of mineralised structures identified to date.Offer to shareholders is one fully paid ordinary share in capital of the company for every four shares held by shareholders registered at record date at issue price of A$0.05 per share.Together with one free attaching option for every two shares issued exercisable at A$0.05 each on or before June 30, 2016. 

Company Quote

14 Jan 2015