Brief: Geoop Announces Placement Of New Shares And Rights Issue, Each At 15 NZ Cents Per Share

Geo

10/05/2018 23:32

May 11 (Reuters) - GeoOp Ltd  GEO.NZ :
    * INTENDS TO PROCEED WITH PLACEMENT OF NEW SHARES AT 15 NZ
CENTS
PER SHARE TO RAISE NZ$1.5 MILLION TO NZ$2.0 MILLION
    * INTENDS TO PROCEED WITH PRO RATE RIGHTS ISSUE  AT 15 NZ
CENTS
PER SHARE TO RAISE A FURTHER NZ$1.5 MILLION TO NZ$2.0 MILLION
    * INTENDS TO PROCEED WITH SUBSEQUENT REDEMPTION OR
CONVERSION OF
COMPANY'S NZ$3 MILLION IN OUTSTANDING CONVERTIBLE NOTES AND
LOANS

Source text for Eikon:  urn:newsml:reuters.com:*:nNZWrnrpc
Further company coverage:  GEO.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))