Tuesday, April 26, 2011

Spice i2i says $151m raised through rights issue

Spice i2i says it raised a total of $150.8 million which will provide the company with funds for potential acquisitions in the near future and for working capital.

About 88% of the 2,742,490,418 rights shares were subscribed by way of valid acceptances and excess rights applications with the remaining 333,972,568 rights shares subscribed to under the underwriting arrangement.

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