Chifeng Jilong Gold Mining Co Ltd (600988.SS) Key Developments |
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Chifeng Jilong Gold Mining to issue shares for stake acquisition and fund raising

Sunday, 10 Aug 2014 08:00pm EDT 

Chifeng Jilong Gold Mining Co., Ltd:To issue 114,016,800 shares at 7.15 yuan per share and pay cash of 90.58 million yuan, to 21 individuals and 9 companies in exchange for 100 pct stake in a Chenzhou-based rare metal materials company.The transaction price is 905.8 mln yuan.To issue no more than 46,883,500 shares at no less than 6.44 yuan per share through private placement, to raise up to 301.93 mln yuan.The proceeds will be used for the stake acquisition and business integration. 

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