The quarterly report released yesterday mentions that $10,000,000 capital was raised, (40 million ordinary shares at 0.25).
Must have been a closed CR. What would this mean for the long run?
Source: Antares Energy 30 June 2009 Quarterly Report
I see two possible announcements.
i) Closed capital raising involving a large institutional investor and announcement of the purchase to 100% share of additional acreage for Yellow Rose project. No offer to existing shareholders; or
ii) Negotiations with institutional investor was not...
I assume that a large investor has been negotiated allowing for the full acquisition of further acreage in the Yellow Rose project, hence the trading halt prior to announcement.
As a small shareholder I'm just a little curious as to how long before trading would recommence?
It sounds like...
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