19 Apr 2012

Two-for-one rights issue by Veritas

9:00 am on 19 April 2012

Veritas Investments will carry out a two-for-one rights issue to raise about $835,000.

The company, formerly known as Salvus Strategic Investment, recently sold all its liquid assets and is effectively a shell company while it considers new investments.

Shareholders can buy shares at 2c each, which Veritas says is a 69% discount on the closing price on Tuesday.

The money will be used for running costs, the repayment of a loan from one of Veritas's directors, and for possible new investments,

The rights offer is not underwritten.