Renounceable non-underwritten rights issue of up to 251,745,494 new shares at an issue price of $0.005 for each rights share, on the basis of two(2) rights shares for every one existing share in the company held on 6 nov 2007.
Expected Timetable of key events :
Book Closure Date - 6 nov 2007
Despatch of the OIS, ARE and PAL - 12 nov 2007
Commencement of trading of "nil-pad" rights - 12 nov 2007
Last date and time for splitting - 20 nov 2007
Last day for rading of "nil-pad" rights - 20 nov 2007
Last date and time for acceptance of and payment for Rights shares - 26 nov 2007
Last date and time for renunciation of and payment for Rights shares - 26 nov 2007
Last date and time for application and payment for excess Rights shares - 26 nov 2007
Expected date for issuance of Rights shares - 4 dec 2007
Expected date for commencement of trading of Rights shares - 5 dec 2007
Application :
On 16 nov 2007
Applied 4000 shares of rights = $20
Applied 4000 shares of excess rights = $20
Results :
A sum of $10 was returned to me. This means I was successful in getting
rights = 4000
excess rights = 2000
a total of 6000 shares at a price of $30.00