20th Aug 2014 11:06
LONDON (Alliance News) - New World Resources PLC Wednesday said that shareholders have approved a resolution required in order to implement various aspects of its restructuring, including a rights issue and a placing.
New World Resources is to raise up to EUR185.0 million of additional capital through a rights issue to existing shareholders, the placing to participating existing noteholders, and super senior credit facility to be provided by participating existing noteholders.
New World Resources shares were Wednesday quoted up 4.9% at 9.85 pence.
By Samuel Agini; [email protected]; @samuelagini
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