Anchor Resources proposes S$2.2m share placement for bond repayment

CATALIST-LISTED Anchor Resources has entered a placement agreement with 18 subscribers for 143.8 million new shares in the capital of the company at an issue price of S$0.0153 each that will raise S$2.2 million, it said before market open on Tuesday.

The issue price represents a discount of 10 per cent to Anchor Resources’ volume weighted average price of S$0.017 for trades done on April 3, prior to its trading halt on April 4. The company requested to lift the trading halt in a separate filing on Tuesday morning. When the placement is complete, introducer Mr Tan Ong Huat will be paid seven per cent of the S$2.2 million raised, satisfied with 10.1 million new shares in the company at the issue price of S$0.0153, worth around S$154,000.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan investors look to switch from Europe, flock to US bonds[TOKYO] Japanese investors look set to switch some money from European bonds to US debt, hoping for capital gains after the US bond yield curve recently flashed signs of recession down the road. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »