GRAPHIC OMITED] PROGEN INDUSTRIES LIMITED UNDERWRITING AGREEMENT SIGNED FOR PROGEN LISTED OPTIONS BRISBANE, AUSTRALIA MONDAY MAY 16, 2005 Progen Industries Limited (ASX: PGL, NASDAQ: PGLAF) today announced that it has signed an Underwriting Agreement...Underwriting Agreement • May 17th, 2005 • Progen Industries LTD • Medicinal chemicals & botanical products
BRISBANE, AUSTRALIA MONDAY MAY 16, 2005 Progen Industries Limited (ASX: PGL, NASDAQ: PGLAF) today announced that it has signed an Underwriting Agreement in relation to the ASX listed Options expiring on 31 May 2005 with Emerging Growth Capital Pty Limited, (eG Capital). Accordingly, and provided all conditions of the Underwriting Agreement are met, eG Capital will take up any shortfall that exists if any of the listed Options (ASX:PGLO) remain unexercised following the expiry date.
