Brief: MoA Group Announces Capital Raising Of Up To $5.5 Million At 14 Cents Per Share

Savor

07/04/2020 24:49

April 7 (Reuters) - MOA Group Ltd  MOA.NZ :
    * MOA GROUP LTD - ANNOUNCES CAPITAL RAISING OF UP TO $5.5
MILLION
AT AN ISSUE PRICE OF 14 CENTS PER SHARE
    * MOA GROUP-AGREEMENT REACHED WITH VENDORS OF SAVOR GROUP TO
DEFER
$3.2 MILLION ADDITIONAL CASH PAYMENT UNTIL 1 APRIL 2021
    * MOA GROUP LTD - NEW FUNDS BEING PRE-EMPTIVELY RAISED TO
PROVIDE
GROUP WITH ADDITIONAL BALANCE SHEET STRENGTH AMID UNCERTAINTY
DUE TO COVID-19
    * MOA GROUP LTD - ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW7h9SlF 
Further company coverage:  MOA.NZ 

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