HOMEX - Brisbane
Rights Issue Update
The Directors of Magna Pacific (Holdings) Limited would like to
advise that while the non-renounceable entitlement issue will proceed
it is now proposed that the ratio will be either 3:5 or 4:5. Existing
options are currently being exercised and the ratio will depend on
the final number exercised.
As soon as the dates are set your Directors will inform the market of
the final ratio. The issue price of the options will be 5 cents
exercisable at 70 cents per share within a three year period.
MAN ON THE MOON starring Jim Carrey in his golden Globe winning
performance (comedy), will debut in cinemas around Australia on
February 17. Directed by Milos Forman and co-starring Courtney Love
and Danny DeVito MAN ON THE MOON will follow its theatrical season
with Magna releasing it through rental and sell through video
Magna's cash resources have now grown to in excess of $3.5m to pursue