Aster Explor offering

Following the downturn in the stock markets in October, Aster Exploration has decided to make changes to its recent public offering.

The company’s $2.8-million offering consists of common and flow-through shares. Each unit comprises one share of Societe en Commandite Aster 1987 and 250 Aster shares at 40 cents each. Each share of Societe en Commandite Aster 1987 is valued at $900 and will allow the subscriber to obtain 1,673 shares. The company says, based on the maximum marginal tax rate (56.57%), each share will have a net worth of 18 cents after tax.