Is this a typo or a big dilution for ICN holders
From todays Ann. ICN - STO.Santos has now approved the terms of the renewal of ATP 626P and applied for the issue of 10,000,000 million Placement Shares in Icon Energy Limited. The issue of these shares at a price of 6.76 cents per share was approved by the General Meeting of Icon shareholders held on May 31 2006. These shares will rank equally with currently issued capital.