Inguletsky Iron Ore to Increase Charter Fund by 0.3%
28 January 2008
Inguletsky Iron Ore (IGOK: N/R) intends to increase its charter fund by 0.3% to UAH 689.9 mln (USD 136.6 mln) via an additional share issue. The new shares will be placed at par value, UAH 0.25 each. The issue is on the agenda of the company’s shareholder meeting scheduled for March 21, 2008. The company will invest the proceeds into development. The subscription will be two-staged; (1) from April 28 to May 12, 2008 and (2) from May 13 to May 14, 2008. Ex-rights date is April 25, 2008.
