MRG murray river organics group limited
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News: MRG Murray River Organics Restructures Relationship With Arrow Funds

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    11/12/19
    12:45
    Post #: 41909935

    Dec 11 (Reuters) - Murray River Organics Ltd (MRG) :

    • RESTRUCTURED ITS RELATIONSHIP WITH ARROW FUNDS MANAGEMENT IN RELATION TO COLIGNAN FARM
    • ENTERED INTO 3 YEAR OFF-TAKE AGREEMENT FOR DRIED VINE FRUIT GROWN ON COLIGNAN FARM
    • CO WILL EXIT CURRENT COLIGNAN FARM LEASE ON 11 DEC 2019 WITH ARROW TO ASSUME OPERATIONS OF COLIGNAN
    • CAPITAL RAISING DISCUSSIONS WITH EXISTING & NEW MRG SHAREHOLDERS UNDERWAY; RAISING IS EXPECTED TO BE MINIMUM OF $20 MILLION
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