Brief: General Capital Reached Deals In Principle To Issue New Shares By Way Of 2 Placements

General Capital

02/11/2022 01:09

Nov 2 (Reuters) - General Capital Ltd  GEN.NZ :
    * REACHED AGREEMENTS IN PRINCIPLE TO ISSUE NEW SHARES BY WAY
OF
TWO PLACEMENTS
    * WILL USE MOST OF CAPITAL RAISED TO INCREASE CAPITAL OF ITS
UNIT,
AMONG OTHERS
    * FIRST PLACEMENT IS TO API NO 1 LIMITED PARTNERSHIP OF 87
MILLION
NEW ORDINARY SHARES AT ISSUE PRICE OF NZ$0.0575 PER SHARE
    * SECOND PLACEMENT IS TO EXISTING SHAREHOLDER BORNEO CAPITAL
OF 64
MILLION NEW SHARES ALSO AT ISSUE PRICE OF NZ$0.0575/SHARE

Further company coverage:  GEN.NZ 
 ((Reuters.Briefs@thomsonreuters.com;))