Brief: New Zealand Rural Land Co Announces Rights Offer
May 24 (Reuters) - New Zealand Rural Land Company Ltd
NZL.NZ :
* NZRLC ANNOUNCES A $44.3 MILLION RIGHTS OFFER
* CAPITAL RAISING BY WAY OF A 2 FOR 3 PRO-RATA RENOUNCEABLE
RIGHTS
OFFER
* PROCEEDS WILL BE USED TO REDUCE DEBT AND PROVIDE FURTHER
CASH
FOR ACQUISITIONS
* ALL FIGURES IN NZ$
Source text for Eikon: ID:nNZW8gKNmv
Further company coverage: NZL.NZ
((Reuters.Briefs@thomsonreuters.com;))
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