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Pryme Energy Ltd announces rights issue

Sunday, 16 Mar 2014 08:46pm EDT 

Pryme Energy Ltd:Proposes to raise about A$5.9 mln of new equity through a non renounce able rights issue.Shareholders with an address in Australia or New Zealand recorded on Pryme's register of members will be offered the opportunity to subscribe for one fully paid ordinary share in Pryme for every one fully paid ordinary share held on March 24.New shares will be offered at issue pr ice of A$0.02 per share.Rights issue (including the issue of any shortfall shares), may result in is sue of up to 295,708,568 fully paid ordinary shares.Additional funds, after expenses of the rights issue and normal working capital requirements, will be used primarily t o fund the company's share of costs in the Capitola Oil Project located in Permian Basin, Texas. 

Company Quote

-0.0010 -12.50%
28 Apr 2015