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Raya Group Ltd Announces Closing Of Share Purchase Plan

Wednesday, 5 Jun 2013 11:18pm EDT 

Raya Group Ltd announced the closing of it Share Purchase Plan (SPP) earlier this week. Following the closure of the SPP, valid applications were received from shareholders for a total of 34,800,000 shares to raise a total amount of $348,000. A total of 28,600,000 shares were allotted on June 05, 2013. The balance of 6,200,000 shares will be allotted on or about June 21, 2013, following the Company’s Extra-Ordinary General Meeting. Raya’s SPP has received institutional backing by Melbourne Capital Limited (Melbourne Capital). Under a Mandate Agreement signed between Raya and Melbourne Capital, Melbourne Capital have agreed to place, on a endeavors basis, up to $1.5 million of any shortfall amount under Raya’s current SPP. This placement will be completed shortly, with the shares allotted following the Company’s Extra-Ordinary General Meeting. 

Company Quote

23 Dec 2014