MiLOC Group Limited - PLACING TO RAISE APPROXIMATELY £99,374
04/07/2017 12:26
RNS Number : 0820K
MiLOC Group Limited
04 July 2017
4 July 2017
MiLOC GROUP LIMITED
PLACING TO RAISE APPROXIMATELY 99,374
MiLOC Group Limited ("MiLOC" or the "Company") is pleased to announce that it has entered into a placing agreement to raise HKD$1,000,000 (or approximately 99,374) gross of expenses from a corporate investor, a company incorporated in Hong Kong ("Investor"), through the issue of 348,681 new ordinary shares of US$0.001 each in the share capital of the Company, at a price of 28.5 pence per share to this investor (the "Placing Shares").
The placing proceeds will be used for general working capital purposes.
The Placing Shareswill, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company. Following completion of the placing, there will be a total of 72,131,521 ordinary shares of the Company in issue.
The Directors of the Company accept responsibility for the contents of this announcement.
For further information, please contact:-
| MiLOC ONG Ban Poh Michael - Chief Executive Officer Ronnie CHOI - Chief Financial Officer | Tel: +852 2110 4221 |
| NEX Exchange Corporate Adviser PETERHOUSE CORPORATE FINANCE LIMITED Guy Miller Mark Anwyl | Tel: +44 (0) 20 7469 0930 |