Rights Issue Price Adjustment
Sydney, Jan 8, 2014 AEST (ABN Newswire) - Buccaneer Energy Limited (
ASX:BCC) (BCGYF:OTCMKTS) advises that it has adjusted the price of the Rights Issue announced on 2 January 2014 to $0.013 per new share from $0.0125 per new share.
This action was taken in order to meet technical requirements of the ASX Listing Rules. The adjusted Rights Issue price will result in up to approximately $62.6 million being raised from the Rights Issue. All other provisions in respect of the Rights Issue, including the 2:1 ratio, will remain the same.
Further details regarding the Offer will be announced in due course. It is expected documentation will be sent to shareholders in early February 2014.
Contact
Buccaneer Energy Limited
T: +61-2-9233-2520
F: +61-2-9233-2530
WWW: www.buccenergy.com
| ||
|
