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MDS Financial Group Ltd announces rights issue

Tuesday, 10 Jun 2014 01:57am EDT 

MDS Financial Group Ltd:Says it will be conducting a non-renounceable pro-rata rights issue at an issue price of A$0.002 for each new ordinary share on the basis of one new share for every one share held on the record date.To raise up to the sum of A$1.030 mln.Says it will issue a maximum of 515,083,001 new shares, giving a new total of 1,030,166,002 of shares on issue.Purpose of the issue is to provide the company with additional working capital and balance sheet strength to pursue organic growth opportunities.Offer closing date June 27. 

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