Northern Star issues SPP

As we discussed in Northern Star: Smart or crazy on 28 Jan 14 (Speculative Buy - $0.88), the onetime tiny miner has launched a share purchase plan (SPP) to finance the purchase of three new mines from troubled giant Barrick. If you were a shareholder on January 22, you can subscribe for a maximum of $15,000 worth of new shares at $0.86 a share from today, with applications closing on February 19. As a maximum of $15m is sought and the institutional placement was oversubscribed, a scale back is likely. The cash will be used to fund the mine...

As we discussed in Northern Star: Smart or crazy on 28 Jan 14 (Speculative Buy - $0.88), the onetime tiny miner has launched a share purchase plan (SPP) to finance the purchase of three new mines from troubled giant Barrick.

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