Raising $1.4m to be debt-free. via Patersons. 1 for 1 rights issue to raise $1.3m plus a $93,000 placement. Raising @ $0.15 a share [that's .0015, I think], plus one free attaching option for each share subscribed. Patersons will underwrite, and there is a cornerstone investor for the placement and $700,000 of the rights issue.
Upon completion of the raising, and an asset sale, UXA will be debt-free and have $1.9m cash.
Good luck, holders. It doesn't sound too bad, if the options are well-priced. Can't get much lower!
UXA Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
