April 28 (Reuters) - Kawasaki Geological Engineering Co Ltd <4673.T>: :* Says it has distributed 160,000 shares of its treasury common stock at 500 yen per share or 80 million yen in all, through private placement to Trust & Custody Services Bank, Ltd.* Says placement date is April 28.
Honghua Group Ltd <0196.HK>: Entered into placing agreement with shenwan . Gross proceeds from issue of placing shares, if fully placed, will be approximately hk$391.16 million .Honghua group ltd- shenwan has agreed to place up to 508 million shares, on a best effort basis, at a price of hk$0.77 per share.
Corrects number of shares in second bullet. Company corrected its own statement..POLARCUS LTD : FINAL RESULT OF SUBSEQUENT OFFERING .TOTAL OF 3,912,439 SHARES WERE SUBSCRIBED FOR AT A SUBSCRIPTION PRICE OF NOK 0.33 PER SHARE AND 3,447,789 SUBSCRIPTION RIGHTS WERE UTILISED.
POLARCUS LTD : FINAL RESULT OF SUBSEQUENT OFFERING .TOTAL OF 3,366,306 SHARES WERE SUBSCRIBED FOR AT A SUBSCRIPTION PRICE OF NOK 0.33 PER SHARE AND 2,901,656 SUBSCRIPTION RIGHTS WERE UTILISED.
Magseis ASA : Successfully completed private placement . Raises 339.75 million Norwegian crowns ($39.9 million) in gross proceeds through application and conditional allocation of 22.7 million new shares . Private placement was significantly oversubscribed .Net proceeds from private placement will be used to finance construction of equipment and additional resources required to increase number of crews.
Magseis ASA : Contemplated private placement . Contemplated private placement with gross proceeds of up to NOK equivalent of about $40 million by issuing new ordinary shares in company, each with a nominal value of 0.05 Norwegian crown .Net proceeds will be used to finance construction of equipment and additional resources required to increase number of crews that company operates and for general corporate purposes.
Electromagnetic Geoservices ASA : Said on Wednesday entered into an agreement with DNB Bank ASA . Said the existing $10 million revolving credit and the $10 million Guarantee facility will be made fully available to the Company .Intends to carry out a preferential rights issue with gross proceeds equal to a minimum of the Norwegian crowns equivalent of $15 million..