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1277 — Kinetic Development News Story

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Brief: Kinetic Development To Subscribe 38.3 MLN MC Mining Shares At US$0.2089 Per Share

BRIEF-Kinetic Development To Subscribe 38.3 MLN MC Mining Shares At US$0.2089 Per Share

- Kinetic Development Group Ltd 1277.HK:

  • TO SUBSCRIBE 38.3 MILLION MC MINING SHARES AT US$0.2089 PER SHARE FOR US$8 MILLION AT FIRST CLOSING

  • GRANTS US$8 MILLION BRIDGE LOAN TO MC MINING


Further company coverage: 1277.HK


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

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