SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ST. ANDREWS SAS t.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Jackson who wrote (46)4/25/1997 1:01:00 AM
From: Laurie Moore   of 105
 
Latest News Release. Any Comments?

Rights issue to proceed

St Andrew Goldfields Ltd SAS
Shares issued 82,487,970 Apr 23 close $0.52
Wed 23 Apr 97 News Release
Mr Charles Gryba reports
The company will be proceeding with a rights issue for anticipated net
proceeds to the company of approximately $3,700,000.
Each registered common shareholder will receive one right for each common
share held. Ten rights will entitle the holder to purchase one common share
at a price that will be discounted to market. Currently, St Andrew common
shares are trading in the $0.50 range.
The record date for the rights offering is anticipated to be in May 1997,
and that the rights offering will be completed in mid-June 1997.
Pursuant to a facilitating dealer agreement between the company and St
James Securities Inc, St James will act as standby purchaser for up to
2,000,000 common shares not otherwise purchased under the rights offering.
The net proceeds will be added to the company's working capital to finance
general operating expenditures.
The company also intends to consolidate its common shares on the basis of
one new common share for each existing five common shares. The proposed
consolidation will be placed before the shareholders at the upcoming annual
and special meeting, to be held in June 1997. The proposed consolidation
will take effect shortly after the rights offering and is subject to
regulatory approval.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News