December 18, 2017 / 1:25 AM / a month ago

BRIEF-Uscom ‍Secures Strategic Investment For $1.755M In A Placement Of New Shares​

Dec 18 (Reuters) - Uscom Ltd:

* ‍SECURED A STRATEGIC INVESTMENT FOR $1.755M IN A PLACEMENT OF NEW SHARES​

* ‍WILL ISSUE 13 MILLION NEW SHARES AT $0.135 PER SHARE TO MENG, GIVING HIM A 10.3 PERCENT INITIAL STAKE IN CO

* SAYS ISSUE OF SHARES TO MENG ‍AT A 10% DISCOUNT TO LAST CLOSING PRICE OF $0.15​

* SAYS ‍SECURES STRATEGIC INVESTMENT FROM STEVEN MENG​ Source text for Eikon: Further company coverage:

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