For any JET followers ( HRK ) some good news today :
JETSET TRAVELWORLD LTD 2002-05-20 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ The Company is pleased to advise the closure of the Issue pursuant to its prospectus dated 30 April 2002 (the "Prospectus") raising an amount of $5.6 million represented by 28,000,000 Shares at 20 cents each and 14,000,000 free attaching options exercisable at 20 cents each on or before 30 June 2003.
The Issue has attracted strong investor interest and the Directors closed the Issue having attained minimum subscription to avoid unnecessary dilution of the interests of existing shareholders. As stated in the Prospectus, the Directors are of the opinion that upon completion of the Issue, the Company will have access to adequate working capital facilities to carry out its objectives.
The Company is currently completing the share allotment process and anticipates the re-quotation of its securities on ASX by the end of the month.
Upon re-quotation of the Company's securities, its capital structure will be as follows:
* Fully Paid Ordinary Shares 86,588,255 * Options exercisable at 20 cents before 30 June 2003 55,570,603
T Sweet CHAIRMAN
JET Price at posting:
0.0¢ Sentiment: None Disclosure: Held