Aspial proposes rights issue of 1-for-25 shares
ASPIAL Corporation is embarking on a fresh round of fund raising.
It is proposing a rights issue to raise about $23.3 million in net proceeds.
The offer entitles shareholders to subscribe for one share for every 25 shares held at the price of 38 cents apiece.
This represents a discount of about 13 per cent to the current share price.