Axington announced the proposal to undertake a 2-for-1 renounceable non-underwritten rights issue of up to 95.2 million new ordinary shares, at an issue price of 10 cents for each rights share on July 29.
Following the resignation of four of its directors on Sept 1, as well as the postponement of its extraordinary general meeting (EGM) on Aug 27, Catalist-listed Axington is extending the offer period for its rights issue.
