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Buccaneer Energy Limited (ASX:BCC) (OTCMKTS:BCGYF) advises that it has adjusted the price of the Rights Issue announced on 2 January 2014 to $0.013 per new share from $0.0125 per new share.
This action was taken in order to meet technical requirements of the ASX Listing Rules. The adjusted Rights Issue price will result in up to approximately $62.6 million being raised from the Rights Issue. All other provisions in respect of the Rights Issue, including the 2:1 ratio, will remain the same
Further details regarding the Offer will be announced in due course. It is expected documentation will be sent to shareholders in early February 2014.
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