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MDS Financial Group Ltd Announces Non-Renounceable Issue


Tuesday, 24 Sep 2013 07:25pm EDT 

Mds Financial Group Ltd announced that it is seeking to raise up to approximately $1.474 million by way of a non-renounceable offer to Eligible Shareholders of one New Share for every three Shares held on the Record Date at a price of $0.010 per New Share. This Offer is partially underwritten by Sequoia Asset Management Pty Ltd (Underwriter). Fractional entitlements will be rounded up to the nearest whole number of New Shares. Up to 147,437,004 New Shares will be issued to raise up to approximately $1.474 million. Following completion of the Offer, assuming that all Eligible Shareholders take up their Entitlement, there will be approximately 589,748,016 Shares on issue. The proceeds of the Offer will be used to strengthen the Company‚Äôs balance sheet and fund working capital requirements. The Record Date for determining Entitlements is October 3, 2013. 

Company Quote

0.0050
0.0010 +25.00%
8 Oct 2014