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Proven Investments outlines details of additional public offer

Proven Investments has published the prospectus for its additional public offer.
 
The document shows the company plans to sell more than 178 million shares.
 
Proven says that it reserves the right to upsize the offer by up to 50 per cent and each share will be sold for $38.64 or 28 US cents.
 
The company is hoping to raise up to US$30 million from the offer that opens on March 11 and is projected to close on March 31.
 
The proceeds from the offer will be used to fund the company's investments and maintain a balanced capital structure.


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