AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: Rockwell completes C$8,3m rights offer

Reply New Message

Back To Forum Go to List View

tectol

Rank: [?]

Vice President

Points: [?]

7012

Rating: [?]

Votes: 95 Score: 3.2

Currently 3.3/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Rockwell completes C$8,3m rights offer

posted on Mar 29, 10 08:04AM

http://www.miningweekly.com/article/rockwell-completes-c83m-rights-offer-2010-03-26

Rockwell completes C$8,3m rights offer

By: Chanel Pringle

26th March 2010

JOHANNESBURG (miningweekly.com) – JSE- and TSX-listed Rockwell Diamonds has successfully completed a C$8,3-million (R59,8-million) rights offering, thereby concluding its initial plans to recapitalise its balance sheet.

It announced on Friday that following the rights offering, it would issue 92,7-million common shares at C$0,05 a share, yielding C$4,6-million.

Further, a small number of other investors would then also purchase 57-million shares at $0,06 a share, resulting in further proceeds of C$3,7-million.

The rights offering was the final portion of a process to raise C$16,0-million through a combination of private placement and rights offering.

"This is another step in the company’s strategy to become a leading alluvial gemstone miner through growth and acquisition with support from our existing and new strategic shareholders," commented CEO John Bristow.

Edited by: Mariaan Webb

Reply New Message

Back To Forum Go to List View