re: ***looking sick**** RCD shareholders approved the placement of 30M shares at $5.25 per share and the issue of 3.3M options at an exercise price of $5.775 to the Allco Group. The transaction will see Allco increase its interest in RCD to around 25% on a fully diluted basis. More than 90% of proxies were in favour of the transaction. Stockbroker view this as a positive for RCD as it provides the company with the ability to maintain its strong growth rates over the medium-term.
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