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Gas2Grid Ltd Announces Share Purchase Plan And Issue Of New Shares


Friday, 28 Jun 2013 04:24am EDT 

Gas2Grid Ltd announced that it has received a total of $1,203,600.00 for subscription of 40,120,000 fully paid ordinary shares. $601,200.00 was received from eligible shareholders for subscription of 20,040,000 fully paid ordinary shares under the Share Purchase Plan (SPP) that was announced on May 08, 2013 and closed on June 24, 2013. The balance of $602,400.00 was received from existing shareholders who do not require a prospectus for subscription of 20,080,000 shares that was available from the shortfall in subscription under the SPP offer. A shortfall of 59,880,000 shares remains from the SPP offer and the Company is seeking to place those at $0.03 per share, being the same price offered under the SPP, in the next few weeks to raise a further $1,796,400.00. 

Company Quote

0.0060
-0.0010 -14.29%
22 May 2015