IN BRIEF: Minoan Group issues shares to settle GBP1.3 million in debt
Minoan Group PLC - developing hotel resort project in Crete - Issues 77.9 million new shares at average 1.68 pence per share, to settle GBP1.3 million in balance sheet liabilities, including debts owed to directors. The issue price is a substantial premium to the market price of Minoan shares. The new shares represent 8.4% of Minoan's enlarged equity. The plan to convert debt into equity was first announced last week. Read More