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World Oil Resources Ltd Announces Pro-Rata Non-Renounceable Rights Issue


Monday, 11 Mar 2013 09:19pm EDT 

World Oil Resources Ltd announced a pro-rata non-renounceable rights issue (Offer) to holders of ordinary shares (Shares) in the Company (Shareholders) with a registered address in Australia or New Zealand (Eligible Shareholders) as at 7:00pm (Melbourne time) on March 21, 2013 (Record Date). Pursuant to the Offer, the Company will issue 195,000,002 fully paid ordinary shares in the capital of the Company (New Shares) at an issue price of AUD 0.013 each, to raise approximately AUD 2.5 million (before costs). The Rights Issue offers Shareholders the right to take up one New Share for every two Shares held as at the Record Date at an issue price of AUD 0.013 per New Share (Entitlement). 

Company Quote

0.0040
0.0010 +33.33%
15 Aug 2014