KUALA LUMPUR: DBE Gurney Resources Bhd's additional 593.33 million new shares and 200 million warrants will be listed and quoted on Bursa Malaysia on Thursday, March 31.
A stock exchange announcement said on Tuesday, March 29 the new shares of 10 sen were issued pursuant to the rights issue with warrants and capitalisation of amounts due to director and creditors settlement.
The corporate exercise involved a renounceable rights issue of 400 million new shares of 10 sen each in DBE Gurney on the basis of five rights shares for every one held, together with 200 million free detachable warrants on the basis of one warrant for every two right shares.
DBE Gurney also issued 83.33 million new shares to settle the debt owing to a director while it settle RM11 million debt owed to trade creditors by issuing 110 million new shares.
A stock exchange announcement said on Tuesday, March 29 the new shares of 10 sen were issued pursuant to the rights issue with warrants and capitalisation of amounts due to director and creditors settlement.
The corporate exercise involved a renounceable rights issue of 400 million new shares of 10 sen each in DBE Gurney on the basis of five rights shares for every one held, together with 200 million free detachable warrants on the basis of one warrant for every two right shares.
DBE Gurney also issued 83.33 million new shares to settle the debt owing to a director while it settle RM11 million debt owed to trade creditors by issuing 110 million new shares.
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