mfg spead1 15 Mar 2006 - Non-Renounceable Rights Issue
Sub-Sahara Resources NL ( SBS) advises that the non-renounceable rights issue to shareholders of 80,688,696 shares at an issue price of $0.08 to raise $6,455,095 has closed with a total of 55,617,801 shares subscribed for, raising a total of $4,449,424.
As indicated in the Prospectus for the issue, the Directors have the right to issue the shortfall of 25,070,895 shares and attaching free options with three months from the Closing date of 10 March 2006.
For and on behalf of Sub-Sahara Resources NL
Peter Munachen Director – Corporate and Finance 15th March, 2006 |