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PR Newswire
16-05-2018, 01:28 PM
Completion of the Issuance and Subscription of 70,000,000 Ordinary Shares @ SGD 0.028 per Share
Falcon Energy Group Limited refers to the announcement released by the Company on 9 May 2018 in relation to the proposed subscription of the Subscription Shares pursuant to a conditional share subscription agreement with Mr Wong Fong Fui.
The Company announced that the completion of the issuance and subscription of the Subscription Shares has taken place today.
The gross proceeds from the Subscription is expected to amount to approximately S$1,960,000.
The breakdown of the use of gross proceeds is set out below:
Use of gross proceeds - Percentage
Incidental costs incurred for the Subscription - 3.06%
Coupon payment(s) relating to the Company's existing multicurrency term note programme - 44.64%
General working capital - 52.3%
Total - 100.00%
Falcon Energy Group Limited refers to the announcement released by the Company on 9 May 2018 in relation to the proposed subscription of the Subscription Shares pursuant to a conditional share subscription agreement with Mr Wong Fong Fui.
The Company announced that the completion of the issuance and subscription of the Subscription Shares has taken place today.
The gross proceeds from the Subscription is expected to amount to approximately S$1,960,000.
The breakdown of the use of gross proceeds is set out below:
Use of gross proceeds - Percentage
Incidental costs incurred for the Subscription - 3.06%
Coupon payment(s) relating to the Company's existing multicurrency term note programme - 44.64%
General working capital - 52.3%
Total - 100.00%
Specuvestor: Asset - Business - Structure.