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PR Newswire
06-09-2013, 10:17 PM
GRP has announced (A) Collaboration agreement to develop and manage properties in Myanmar; (b) proposed renounceable non-underwritten rights cum warrants issue.
[ SOURCE ]
The rights issue is quite a massive 3-for-1 at $0.08 which effectively quadrupled the no of shares after the rights issue. And if the additional warrants are exercised, then an additional 418,221,600 shares will be added, or nearly a billion shares in total!
The rights issue will raise net proceeds of $33 million. The exercise of the warrants (if fully exercised) will raise another $33.457 million.
[ SOURCE ]
The rights issue is quite a massive 3-for-1 at $0.08 which effectively quadrupled the no of shares after the rights issue. And if the additional warrants are exercised, then an additional 418,221,600 shares will be added, or nearly a billion shares in total!
The rights issue will raise net proceeds of $33 million. The exercise of the warrants (if fully exercised) will raise another $33.457 million.