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Commodities Group Ltd announces non-renounceable entitlement offer to raise up to A$10 mln


Sunday, 1 Jun 2014 07:16pm EDT 

Commodities Group Ltd:Says a pro rata non-renounceable entitlement offer under which eligible shareholders will be able to subscribe for four new fully paid ordinary shares for every none ordinary shares held on record date.Offer price of entitlement offer is A$0.05 per share and will raise about A$10 mln before costs of issue if all eligible shareholders subscribe for their full entitlement.Intends to use proceeds raised under entitlement offer to fund growth of the company's aquaculture business as well as for working capital purposes.Under entitlement offer, Commodities Group will issue a maximum of 201,266,922 new ordinary shares, resulting in the total share capital of Commodities Group increasing up to 654,117,497 fully paid ordinary shares on issue. 

Company Quote

0.062
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19 Dec 2014