Kodal receives final subscription payment from Suay Chin
Source - SMW
Kodal Minerals has received the final payment in regard to the equity subscription agreement with Singapore-based Suay Chin International.
Kodal said it had received the final amount of £330,968 and, in accordance with the subscription agreement, would issue 87,096,953 new ordinary shares (to Suay Chin at a price of £0.0038 per share.
It said Suay Chin had subscribed a total of £4,825,266 for 1,304,894,645 shares - 20.0% of Kodal's enlarged issued share capital.