Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Eclipse Metals In Pre-Open, Completes Rights Issue 0 comments
    Jun 19, 2013 1:08 AM

    Eclipse Metals (ASX: EPM) is preparing details regarding the completion of the previously announced rights issue, with the ASX granting the company a trading halt - with its shares placed in pre-open.

    In May Eclipse announced that it was set to raise around $2.4 million from an underwritten renounceable entitlement issue, on the basis of two shares for every one held.

    Last week Eclipse said that valid acceptances have been received from shareholders were valued at $303,720. The resultant shortfall of shares to the value of $2,128,207 has been taken up by the underwriter to the renounceable rights issue, Komodo Capital Pty Ltd AFSL 344234 - a company associated with Pete Landau, a director of Eclipse.

    The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 21st June 2013.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.