Brief: China Magnesium Corporation Enters Into Subscription Agreement With Winshine Science Co

Poly Xverse Intelligent Technology

13/12/2018 05:58

Dec 13 (Reuters) - China Magnesium Corporation Ltd  CMC.AX :
    * ENTERED INTO A $4.35 MILLION SUBSCRIPTION AGREEMENT WITH
WINSHINE SCIENCE COMPANY LIMITED
    * WINSHINE HAS AGREED TO SUBSCRIBE FOR 87 MILLION ORDINARY
SHARES
OF CO AT $0.05
    * IMMEDIATELY AFTER COMPLETION WINSHINE WILL HOLD ABOUT
19.8% OF
ISSUED SHARES OF CO, WILL BE LARGEST SHAREHOLDER

Source text: bit.ly/2QMBIw2
Further company coverage:  CMC.AX 

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