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Australian Pacific Coal Ltd Announces Share Purchase Plan Offer

Wednesday, 26 Jun 2013 09:31pm EDT 

Australian Pacific Coal Ltd announced an offer to existing shareholders to participate in a Share Purchase Plan (SPP). The SPP is an initiative that provides eligible shareholders with the opportunity to purchase additional Australian Pacific Coal shares at a discount and without brokerage and transaction costs. The SPP will raise a maximum of $1.75 million. Shareholders can, at their election, take a minimum investment of $500 representing 50,000 new shares and up to a maximum investment of $15,000 representing 1,500,000 new shares under the SPP, at 1.0 cents per share. The SPP is not underwritten. AQC plans to use the funds raised from the SPP (after issue costs) to: fund further exploration drilling and geological review of current projects, in particular the Blackwater projects; and provide working capital. 

Latest Developments for Australian Pacific Coal Ltd

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-0.0010 -25.00%
16 Sep 2014