SINGAPORE (Apr 9): Anchor Resources, the Malaysian goldmine operator, is selling 143.8 million new shares  at 1.53 cents each to 18 investors in a private placement to raise $2.15 million.

The issue price represents a discount of 10% to Anchor’s volume weighted average price of 1.7 cents for trades done on April 3, the full market day before its trading halt on April 4.

Of the placement net proceeds of $2.15 million, $762,500 will be used to repay the full amount due on May 3 under an repayment and subscription agreement entered into on Dec 11 2018 between the company and first tranche investors Lim Chiau Woei, Tan Beng Kiat and Koh Kai Jok.

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