Australia
Great Boulder Resources completes oversubscribed entitlement offer to advance WA gold projects
Great Boulder Resources Ltd (ASX:GBR) has completed an oversubscribed non-renounceable entitlement offer of one share for every six shares held by eligible shareholders with applications received for shares valued at more than $1.236 million.
The company thanks shareholders for their continued support following the close on September 11 with the offer at an issue price of 4.3 cents per share being oversubscribed to the tune of almost $280,000.
Eligible shareholders who applied for their full entitlement under the entitlement offer were also able to apply for new shares in excess of their entitlement, through a shortfall offer.
Offer results[hhmc]
The results of the offer are as follows:
Directors have elected to allocate the shortfall pro-rata to shareholders who applied for shares in excess of their entitlement, in exercise of their discretion in accordance with the allocation policy set out in section 2.11 of the companys entitlement offer prospectus dated August 13.
Excess appl..
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