Widespread Portfolios raises $300,000 under share purchase plan
30 April 2010
NZX Market Announcement – Widespread Portfolios raises $300,000 under Share Purchase Plan
Widespread Portfolios has today completed allotment procedures for its recent Share Purchase Plan. A total of 2,054,667 shares have been subscribed for raising a total of $308,200 in new capital for the Company.
As noted in the plan documentation, the new capital raised will be used to fund Widespread Portfolio’s share of the Chatham Rise phosphorites work programme and to invest in Widespread Energy.
Full details of the allotment are set out below. The Board thanks shareholders for their continued support of the Company.
For and on behalf of the Board
Widespread Portfolios Limited
Chris Castle
Managing Director
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Class of security: |
Ordinary Shares |
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ISIN: |
NZNZIE0007S5 |
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Number issued: |
2,054,667 |
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Issue price: |
$0.15 per share |
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Payment in cash: |
Yes |
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Fully paid: |
Yes |
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Percentage of class: |
9.59% |
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Purpose of the issue: |
Funds raised will be applied towards the work programme for the prospecting permit held in respect of the Chatham Rise phosphorites and the Company’s investment in Widespread Energy. |
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Authority for the issue: |
Board resolutions |
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Date of issue: |
30 April 2010 |
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Total number of securities on issue following allotments: |
23,490,449 ordinary shares |
