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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: GlobalData
Provider: GlobalData

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Riedel Resources Ltd announces partially underwritten share purchase plan

Tuesday, 17 Jun 2014 04:06am EDT 

Riedel Resources Ltd:Announces partially underwritten share purchase plan for eligible shareholders.Under the SPP, each eligible shareholder will be entitled to apply for up to A$15,000 of fully paid ordinary RIE shares at a subscription price of A$0.0085 per share.Oracle Securities Pty Ltd has agreed to partially underwrite the SPP up to A$139,820.Maximum amount to be raised under the SPP is therefore limited to about A$279,640.Net funds from the SPP will be applied to provide further funds for exploration and development studies over its gold deposits and for working capital. 

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