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News - Detailed News Story

MDR

Stock Chart
Last Done 0.005
Change - (-)
Volume 650
Range 0.005 - 0.005

mDR: Proposed Placement And Rights Issue.

10 Jun 2011 10:25

mDR Limited wishes to announce that the Company is proposing an allotment and issue of 67,500,000 new ordinary shares in the capital of the Company at the placement price of S$0.005 for each Director Placement Share, an allotment and issue of 30,000,000 new ordinary shares in the capital of the Company at the Placement Price to selected employees of the Group and a renounceable non-underwritten rights issue of up to 1,585,881,672 new ordinary shares in the capital of the Company at an issue price of S$0.005 for each Rights Share, with 6,343,526,688 free detachable warrants, each Warrant carrying the right to subscribe for 1 new ordinary share in the capital of the Company at an exercise price of S$0.005 for each New Share, on the basis of 1 Rights Share with 4 Warrants for every 3 existing ordinary shares in the capital of the Company held by the Entitled Shareholders as at the Books Closure Date, fractional entitlements to be disregarded...

Attachments: Source: ShareInvestor Express
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