Cap-in-hand proposal again cancelled by A-Cap

THE on-again, off-again mini-saga that is the A$4 million capital raising by A-Cap Resources is off again, with the problem this time round said to be a name change by the underwriter getting in the way of Chinese authorities providing the documentation required.

Cap-in-hand proposal again cancelled by A-Cap Cap-in-hand proposal again cancelled by A-Cap Cap-in-hand proposal again cancelled by A-Cap Cap-in-hand proposal again cancelled by A-Cap Cap-in-hand proposal again cancelled by A-Cap

Capital raising plans axed again.

According to A-Cap, the delay in Jiangsu Shengan Resources receiving a Certificate of Overseas Investment follows its earlier name change from Jiangsu Chixiang Precision Gears, and that is to blame