Brief: Pacific Radiance Enters Term Sheet With Potential Anchor Investors For Equity Injection
05/06/2018 06:29
June 5 (Reuters) - Pacific Radiance Ltd PACI.SI :
* ENTERS TERM SHEET WITH POTENTIAL ANCHOR INVESTORS FOR
EQUITY
INJECTION OF UP TO US$85 MILLION BY WAY OF SUBSCRIPTION OF NEW
SHARES IN CO
* INTENDS TO RAISE ANOTHER US$35 MILLION THROUGH PRIVATE
PLACEMENT
AND/OR RIGHTS ISSUE,BRINGING TOTAL INVESTMENT TO ABOUT US$120
MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nSNZbmJ8sC
Further company coverage: PACI.SI
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