SRT trying to reward small shareholders,
easy money......
STARTRACK COMMUNICATIONS LIMITED 2003-05-26 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
As announced to the market an 24 April 2003, the Directors of
Startrack Communications Limited (the "Company"), in conjunction with
the Medepartner transaction, propose to make an offer to shareholders
under a share purchase plan pursuant to ASIC Class Order 02/831
("Plan"). Shareholders will be invited to apply for shares in the
Company up to a maximum of $3,000 (and a minimum of $ 1,000) per
shareholder.
A maximum of 50 million shares will be issued under the Plan at 1.3
cents per share, to raise up to $650,000. The Directors recognise
that the shares to be offered are priced at a significant discount to
market with the price being set to encourage as many existing
shareholders to participate in the Plan and the Medepartner
transaction.
Funds raised under the Plan will be used for working capital and to
assist in the development of the Medepartner business.
The Record Date for this offer has been set at 5.00pm on Friday 30
May 2003 and offer documents will be forwarded to eligible
shareholders on or about Thursday 5 June 2003. Any potential
purchaser of the Company's shares following this announcement should
consult with their broker to determine whether they will be entitled
to participate in the Plan.
It is important to note that the issue of shares under the Plan is
subject to the Company obtaining the necessary shareholder approvals
in respect of the Medepartner transaction. The relevant notice of
meeting will be dispatched to shareholders shortly. If shareholder
approvals are not obtained, the Plan will not proceed and all monies
received will be refunded.
P Landau
DIRECTOR/COMPANY SECRETARY
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- some $$$$ to be made.....
some $$$$ to be made.....
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