2-680 MURRAY STREET
WEST PERTH
Western Australia
Australia,
6005
Phone: +61 (8) 9322 8393
Fax: +61 (8) 9322 5444
|
Company NewsWednesday, June 24, 2009 Shield Mining Ltd has lodged with the ASX a prospectus for a non-renounceable, pro-rata rights issue to its shareholders. The pro-rata non-renounceable entitlement offer is being made on the basis of one (1) new share (New Share) for every three (3) shares held by eligible shareholders as at 5.00pm WST on 1 July 2009 (Record Date), at an issue price of A$0.10 per New Share plus one free new option with an exercise price of A$0.20 and an expiry date of 31 August 2011 for every new share issued (New Option), in order to raise up to A$1.730 million initially and up to a further A$3.46 million over the following two year period through the exercise of the New Options (Offer). After meeting the costs of the Rights Issue, it is intended that the funds raised by the Offer will be used primarily to fund further exploration work on the Company’s Tijirit prospect
(EL447) in Mauritania and possibly for further exploration work on the Saboussiri prospect (EL236). News ReleasesFriday, September 25, 2009 Thursday, August 13, 2009 Thursday, August 13, 2009
|