MINETEC

0.145

-0.005 (-3.3%)

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING MINETECH RESOURCES BERHAD ("MINETECH" OR THE "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MINETECH, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN MINETECH (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

MINETECH RESOURCES BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description 
MINETECH RESOURCES BERHAD ("MINETECH" OR THE "COMPANY")

PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN MINETECH, REPRESENTING UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN MINETECH (EXCLUDING TREASURY SHARES) ("PRIVATE PLACEMENT")

We refer to the announcements made on 12 May 2020, 14 May 2020, 19 May 2020, 15 June 2020 and 24 June 2020 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.


On behalf of Minetech, TA Securities wishes to announce that the Board has on 8 July 2020 (“Price-fixing Date”) fixed the issue price for the remaining 57,938,900 Placement Shares at RM0.275 each (“Issue Price”).


The Issue Price of RM0.275 is at a discount of RM0.0262 or 8.70% to the 5-day volume weighted average market price of Minetech Shares up to and including 7 July 2020, being the last market day immediately preceding the Price-fixing Date, of RM0.3012 per Minetech Share.


This announcement is dated 8 July 2020.



Announcement Info

Company Name MINETECH RESOURCES BERHAD
Stock Name MINETEC
Date Announced 08 Jul 2020
Category General Announcement for PLC
Reference Number GA1-08072020-00071


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