Hopefully the merger will take place on fair terms for OXX. Goldsborough had a capital raising in 2009 to provide funds for Cornea and Braveheart.They were to apply for listing on the Newcastle Stock Exchange but I don't see them among the current listings.Goldsborough were to issue 33 million shares so their issued capital may be 55 million shares. Terms of the issue were " Offer Information Statement for a non-renounceable entitlements issue to Applicants of 33,096,942 Shares at an Issue Price of $0.10 (10 cents) each (?Shares?) based on three (3) Shares for every two (2) ordinary shares in the Company on issue at the Record Date to raise $3,309,694 (?the Offer?). Every Share subscribed for under the Offer will have an accompanying free option to acquire an ordinary share in the Company at an exercise price of $0.10 (10 cents) and exercisable at any time up to 30 June 2010 (?Options?). Every Option exercised will have an accompanying free option to acquire an ordinary share in the Company at an exercise price of $0.25 (25 cents) exercisable at any time up to 30 June 2015 (?Contingent Options?). The Offer is fully underwritten by Great Missenden Holdings Pty Ltd. Any investment in the Company?s shares should be considered speculative."
from http://goldsboroughlimited.com.au/pdf/Goldsborough-Annual-Report.pdf
OXX Price at posting:
27.5¢ Sentiment: LT Buy Disclosure: Held
