Universal Resources Limited (ASX:URL) Announce Its Quarterly Activity Report Ending 31 March 2009
On 14 January 2009 Universal Resources Limited (ASX:URL) announced its intention to raise additional funds for working capital purposes by way of a fully underwritten non-renounceable rights issue to existing shareholders on the basis of one new share for every two shares held on the record date, at an issue price of 1c per share. The issue was successfully completed on 25 February 2009 and raised A$1,720,112 before costs.