By Devika Patel
Knoxville, Tenn., Nov. 10 - Maryborough Sugar Factory Ltd. said it has completed a A$13 million private placement of shares.
The company sold 6.5 million ordinary shares at A$2.00 apiece.
Proceeds will be used to strengthen the company's balance sheet and help fund further growth opportunities.
Based in Maryborough, Australia, Maryborough Sugar Factory grows sugar cane and manufactures raw sugar.
| Issuer: | Maryborough Sugar Factory Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$13 million
|
| Shares: | 6.5 million
|
| Price: | A$2.00
|
| Warrants: | No
|
| Settlement date: | Nov. 10
|
| Stock symbol: | Australia: MSF
|
| Stock price: | A$2.26 at close Nov. 10
|
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