15/10/2008 - 14:37

Richfield plans $2m raising

15/10/2008 - 14:37

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Subiaco-based Richfield Group Ltd plans to raise $2 million through a non-renounceable entitlements issue, with funds to go towards working capital and exploration expenditure.

Subiaco-based Richfield Group Ltd plans to raise $2 million through a non-renounceable entitlements issue, with funds to go towards working capital and exploration expenditure.

The company is offering one Richfield share priced at one cent each for every four shares held at the close of business on October 27. Some 209 million shares will be issued.

The offer is full underwritten by Transocean Securities Pty Ltd for a total fee of 6 per cent of the total gross proceeds of the offer.

Shares in Richfield closed up 0.2c to 1.5c today.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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