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Source: ONE News -
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Skycity Entertainment says eligible shareholders can now participate in its top-up offer even if its share purchase plan is fully subscribed.
Skycity is undertaking capital raising for $35 million via a share purchase plan.
The company had previously said it would only make a top-up offer available if there was a shortfall in its share purchase plan.
However, the company on Friday said it will issue up to $8 million of shares under the top-up offer from new equity, in addition to any shares from a shortfall.
With this variation, the maximum amount of new equity that Skycity can potentially raise will be $43 million.
The casino operator in April raised $185 million via a share placement to institutional investors.
The closing date for both the share purchase plan and the top-up offer is May 25 2009.
