A rights offering is being made to shareholders of Biron Bay Resources (ASE) entitling them to buy one unit in the company at 80 cents for every 10 rights held.
Each unit consists of one common share of Biron Bay and one-quarter of a purchase warrant. Four warrants entitle the holder to an additional share at $1 each.
The principal shareholder of the company has agreed to exercise up to $650,000 worth of the rights issued.
The offering is subject to regulatory approval.
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.
Be the first to comment on "Biron Bay makes rights offering"