05/08/2008 - 17:25

Azure Minerals to raise $3m

05/08/2008 - 17:25

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West Perth-based Azure Minerals Ltd plans to raise $3 million through a share purchase plan with shares offered at a discounted 12.5 cents.

West Perth-based Azure Minerals Ltd plans to raise $3 million through a share purchase plan with shares offered at a discounted 12.5 cents.

Under the plan shareholders will be invited to subscribe for up to $5000 worth of fully paid ordinary shares.

New shares under the SPP will be issued at 12.5 cents per share, a 16.7 per cent discount to the closing share price on August 4 2008 and a 19.6 per cent discount to the volume weighted average share price for the five trading days prior to August 5 2008.

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