8 Mar 2006capital raising announcement● NeutralMajor
GVM raised $350,000 by placing 1,400,000 shares at 25 cents. It also issued 1,637,500 shares for NiMag preference shares and 575,000 shares for professional fees, and said further coal property negotiations should conclude in 3-4 weeks.
What it means for a shareholder
1.4m new shares at A$0.250 to raise about A$350,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.