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Article: Republic Gold Limited (ASX:RAU) Announce Its Rights Issue Concluded Oversubscribed
- Article from:
- abnnewswire.net
- Article date:
- June 10, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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The Board of Republic Gold Limited (ASX:RAU) is very pleased to announce that the Rights Issue ("Issue") has closed with approximately 80% of all shareholder entitlements being taken up.
Applications from shareholders for additional shares have resulted in the Issue being over-subscribed, with an excess of the total issue of shares available being subscribed for, therefore these applications will have to be scaled back and allocations determined.
As a result of the positive response, Republic is currently determining the allocation for additional shares and shortfall position on entitlements in conjunction with the underwriter of the Issue, Patersons Securities Limited.
Under the Issue, a ...