From Fairfax, Atlas punters are go:
The key component of the three part raising, a placement to the miner’s contractors on which the other raising components were contingent, received overwhelming support, with over 96.9 per cent of votes in favour of the resolution.
The company hopes to raise $50 million through a placement to new and existing shareholders and an additional $100 million through a shareholder participation offer.
It’s also giving away one free 7.5c option with each new share, which could raise up to an additional $270 million, if eventually exercised.
The four other resolutions pertaining to the raising were passed with between 93.4 and 96 percent of votes in favour.
Note to self: sell anyone or anything that takes up this offer!
