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PCL 0.4¢

capital raising complete

  1. Mangrove

    1,747 posts.
    The quick completion of the capital raising shows that there are still investors prepared to back PCL.

    If Jingemia is up to expectations, and as far as I know, it is there's life in PCL yet.

    Regards M.

    Company Announcements Office

    Australian Stock Exchange Limited

    Via ASX Online

    ANNOUNCEMENT

    ISSUE OF 10 MILLION SHARES RAISES $190,000

    The Directors advise that pursuant to the Prospectus dated 22 January 2003, 10

    million shares have been issued at an issue price of 1.9 cents each to raise $190,000

    before costs.

    For and on behalf of

    PANCONTINENTAL OIL & GAS NL

    Peter Munachen

    Company Secretary

    29 January 2003

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