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Dejin Resources Group Co Ltd Announces Placing Of New Shares Under General Mandate


Wednesday, 28 Aug 2013 08:06am EDT 

Dejin Resources Group Co Ltd announced that on August 28, 2013 (after trading hours of the Stock Exchange), the Company entered into the Placing Agreement with the President Securities (Hong Kong) Limited (Placing Agent), pursuant to which the Company has conditionally agreed to place, through the Placing Agent up to 69,160,000 Placing Shares to not fewer than six Placees who and whose ultimate beneficial owner are Independent Third Parties. The Placing Price of HKD0.25 per Placing Share. The maximum of 69,160,000 Placing Shares represent approximately 19.99% of the existing issued share capital of the Company as at the date of this announcement and approximately 16.67% of the issued share capital of the Company as enlarged by the Placing. The Placing Shares are to be issued under the General Mandate granted to the Directors at the annual general meeting of the Company held on June 3, 2013. The gross proceeds from the Placing will be approximately HKD17.3 million. The net proceeds, after the deduction of the Placing commission and other related expenses, are estimated to be approximately HKD16.7 million, representing a net issue price of approximately HKD0.241 per Placing Share. The Company intends to use the net proceeds arising from the Placing as general working capital of the Group. 

Company Quote

0.215
0.0 +0.00%
15 May 2014