sign of the times as rights issue fails

Sydney - Wednesday - March 12: (RWE Australian Business News) -
Centrex Metals Ltd (ASX:CXM) today confirmed that in relation to its
1-for-5 issue at 40c a share, 450,401 shares were taken up by
shareholders out of 43.5m shares available.
Under the terms of the rights issue, Centrex retains the right
to place the shortfall from the issue and says it is working actively
with various parties who have shown an interest in applying for the
43.05m shortfall shares.
Centrex shares closed up 1c to 36.5c today