got screwed? Sydney - Monday - December 5: (RWE Aust Business News) - Jackson
Gold Ltd (ASX:JAK) has placed 10 million shares at 10.5c to professional
investors, raising $1.05m.
Investors include an entity associated with Tony Poli which will
become a substantial shareholder in the company.
Jackson has an advisory agreement with Mr Poli's Omega Management
Services for 12 months, to be remunerated by the issue of 5m unlisted 20c
options expiring December 1 2008.
The company expects the transaction will enhance its ability to
consolidate its projects and participate in growth opportunities in the
gold and nickel mining industries.
Jackson shares last traded at 13.5c.
JAK
jackson minerals limited
