{"id":25184,"date":"2013-02-28T17:07:44","date_gmt":"2013-02-28T07:07:44","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=25184"},"modified":"2020-09-28T11:34:16","modified_gmt":"2020-09-28T01:34:16","slug":"last-chance-to-buy-shares","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2013\/02\/28\/last-chance-to-buy-shares\/","title":{"rendered":"Last Chance To Buy Shares"},"content":{"rendered":"

February 28, 2013<\/strong><\/p>\n

South Burnett Community Enterprises (SBCE) are looking for a last-minute “show of support” to get the Bendigo Nanango Community Bank project over the line.<\/p>\n

“A strong show of support is what we are looking for now,” spokesman Jeff Connor said today.<\/p>\n

“Everyone’s $500 or $1000 will make a difference.”<\/p>\n

The organising committee must reach the $526,000 minimum deadline by the end of next week.<\/p>\n

This will allow them to authorise the fit-out of the branch, located on the corner of Drayton and Fitzroy streets, and start advertising for staff.<\/p>\n

SBCE were forced to extend their share offer after they failed to reach the target of 526,000 shares by December 10.<\/p>\n

The cut-off date is now March 10 – but in reality, close of business Friday, March 8 – and this deadline cannot be extended again.<\/p>\n

Once the $526,000 minimum is raised, they have another six months to press on reach the full subscription of $726,000.<\/p>\n

“The more we have above the minimum, the stronger start we are giving our bank and the sooner it will come into profit,” Jeff said.<\/p>\n

The branch expects to open with $9 million worth of business on its books.<\/p>\n

SBCE is organising a “champagne and nibbles” function at Nanango Golf Club on March 5 for shareholders and would-be investors where it’s expected an update on share sales will be provided.<\/p>\n

To RSVP, phone Judy on \u00a00467-599-791.<\/p>\n

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