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News: TRY Troy Resources Says Entered Into A Series Of Agreements That Will Achieve Recapitalisation

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    05/01/22
    16:00
    Post #: 58660406

    Jan 5 (Reuters) - Troy Resources Ltd (TRY) :

    • ENTERED INTO A SERIES OF AGREEMENTS THAT WILL ACHIEVE A RECAPITALISATION OF CO
    • WOULD CONVERT ABOUT A$18.7 MILLION OF CURRENT DEBT TO EQUITY AND RAISE NEW FUNDS OF ABOUT A$7.2 MILLION
    • INTENDS TO OFFER A 1 FOR 1 RIGHTS ISSUE AT SAME PRICE AS PLACEMENT
    • ALL NEW SHARES TO BE ISSUED HAVE BEEN PRICED AT A$0.022 PER SHARE
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