Brief: Itafos Announces Letter Of Intent For $36 Mln Capital Raise Through Non-Brokered Private Placement Financing

Itafos

19/12/2019 01:21

Dec 18 (Reuters) - Itafos  IFOS.V :
    * ITAFOS ANNOUNCES LETTER OF INTENT FOR US$36,000,000
CAPITAL
RAISE THROUGH NON-BROKERED PRIVATE PLACEMENT FINANCING AND
AMENDMENT TO UNSECURED SUBORDINATED PROMISSORY NOTE
    * ITAFOS- CLF WILL SUBSCRIBE FOR UP TO 38.08 MILLION SHARES
IN
CAPITAL OF CO AT OFFERING PRICE OF C$0.52 PER SHARE ON
NON-BROKERED PRIVATE PLACEMENT BASIS

Source text for Eikon:  ID:nGNXZ2sPd 
Further company coverage:  IFOS.V 

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