MKL mighty kingdom limited

Aug 4 (Reuters) - Mighty Kingdom Ltd (MKL) : TO RECAPITALISE...

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    Aug 4 (Reuters) - Mighty Kingdom Ltd (MKL) :

    • TO RECAPITALISE AND RESTRUCTURE WITH STRATEGIC INVESTMENT
    • IMMEDIATE FOCUS ON SUSTAINABILITY OF CURRENT BUSINESS MODEL TO DELIVER CASH-FLOW BREAK EVEN BY Q3FY23
    • CAPITAL RAISING SEES NEW, STRATEGIC INVESTMENT IN MIGHTY KINGDOM BY AN ENTERTAINMENT AND MEDIA ENTREPRENEUR
    • GOT FIRM COMMITMENTS FOR SHARE PLACEMENT TO RAISE A$7.0M (BEFORE COSTS) AT A$0.035 PER SHARE
    • UNDERTAKING SIGNIFICANT REFOCUS & RESTRUCTURE OF ITS BUSINESS PLAN, MANAGEMENT, AND BOARD WITH INTENT OF DELIVERING SHAREHOLDER VALUE
 
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Currently unlisted public company.

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