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Cougar Metals NL Announces Rights Issue


Wednesday, 3 Apr 2013 07:03pm EDT 

Cougar Metals NL announced that it is undertaking a non-renounceable entitlement issue of one fully paid ordinary share in the Company for every two Shares or two contributing shares (being a Share which has an amount unpaid of 12.4 cents) (Contributing Share) held by eligible shareholders on the record date of April 12, 2013 at an issue price of one cent per Share to raise up to $2,328,184. A significant proportion of the funds raised pursuant to the Rights Issue are planned to be applied to advance the Shoal Lake Gold Project in Ontario, Canada. Approximately $644,777. The Rights Issue is partially underwritten up to the amount of $1,950,000 by Marcia Swick, the spouse of Managing Director Randal Swick. 

Company Quote

0.0040
0.0010 +33.33%
10 Sep 2014