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2 months ago
BRIEF-Imperium Crown enters subscription agreement for issue of 300 mln new ordinary shares in capital of co
May 23, 2017 / 12:02 PM / 2 months ago

BRIEF-Imperium Crown enters subscription agreement for issue of 300 mln new ordinary shares in capital of co

1 Min Read

May 23 (Reuters) - Imperium Crown Ltd

* Entered into subscription agreement for allotment and issue of 300 million new ordinary shares in capital of company

* issue price of each placement share is s$0.125, with aggregate placement consideration amounting to s$37.5 million

* Net proceeds to be raised from proposed placement (after deducting expenses of approximately s$1.25 million) are s$36.25 million

* Company intends to utilise net proceeds to finance gem acquisition

* Says issue price of each placement share is s$0.125 Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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