NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BTM RESOURCES BERHAD ("BTM" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN BTM
| BTM RESOURCES BERHAD |
| Type | Announcement | ||||||||
| Subject | NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING |
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| Description | BTM RESOURCES BERHAD ("BTM" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN BTM |
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On 5 June 2020, M&A Securities Sdn Bhd (“M&A Securities”) had, on behalf of the Board of Directors of BTM (“Board”), announced that the Company proposed to undertake a private placement of up to 20% of the issued shares of BTM.
M&A Securities wishes to inform that after considering the current market conditions, the Board has resolved to revise the issuance size of the above private placement. The revision of the issuance size is as shown below:
As such, the private placement shall now involve the issuance of up to 10% of the issued shares of BTM to independent investors (“Proposed Private Placement”).
Kindly refer to the attachment for further details of the Proposed Private Placement.
This announcement is dated 6 July 2020. |
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Please refer attachment below.
Announcement Info
| Company Name | BTM RESOURCES BERHAD |
| Stock Name | BTM |
| Date Announced | 06 Jul 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06072020-00060 |