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W Corporation Ltd announces allotment and issue of Shares pursuant to the conversion of the fifth sub-tranche of Tranch 1 Notes


Tuesday, 7 Jan 2014 04:32am EST 

W Corporation Ltd:Says that the fifth sub-tranche of the Tranche 1 Notes have been duly issued to the subscriber for a cash consideration of S$500,000 in accordance with the terms and conditions of the subscription agreement.Says that the Subscriber has, on Jan. 3 exercised its rights to convert the fifth sub-tranche of Tranche 1 Notes in the aggregate principal amount of S$500,000, at the Floating Conversion Price of S$0.0381.Says floating conversion Price of S$0.0381 was determined by taking 90% of the average of three (3) consecutive Closing Prices per Share. 

Company Quote

0.75
0.045 +6.38%
5 Aug 2014