MXR has offered bonus options.
What are they exactly?
Where can I find information about them?
Why did the share price go down? Will it make up the drop quickly?
What should be done, or what do I need to do?
What choices are available and if there is more than one, what is the better choice to make?
Looking forward to some clarification on this topic.
An excerpt from their announcements is included below:
• 1 for 2 Non-Renounceable Rights Issue at 20 cents per share to raise $9.48
• Patersons Securities Limited to act as Lead Manager and intends to
underwrite the Rights Issue
• After the Rights Issue, eligible shareholders will be entitled to one (1) free
Bonus Option (exercisable at $0.20 before 30/6/09) for every five (5)
Shareholders will be given the opportunity to subscribe for shares pursuant to a Non-
Renounceable Rights Issue on the basis of one (1) share for every two (2) shares held at
the record date at an issue price of 20 cents per share.
The record date for the Rights Issue is to be advised.
The Rights Issue will raise