Brief: North Mining Shares To Issue Sfund International Convertible Notes Of HK$319.5 Mln

North Mining Shares Co

22/12/2020 14:20

Dec 22 (Reuters) - North Mining Shares Co Ltd  0433.HK :
    * CO TO ISSUE SFUND INTERNATIONAL CONVERTIBLE NOTES IN
PRINCIPAL
AMOUNT OF HK$319.5 MILLION
    * TO ISSUE HUATUAN CONVERTIBLE NOTES IN AGGREGATE PRINCIPAL
OF
HK$429.2 MILLION
    * HUATUAN TO SUBSCRIBE FOR UP TO 26.82 BILLION CONVERSION
SHARES
AT INITIAL CONVERSION PRICE OF HK$0.016 PER SHARE
    * GROSS PROCEEDS FROM SUBSCRIPTIONS WILL BE ABOUT HK$748.7
MILLION
    * SFUND INTERNATIONAL TO SUBSCRIBE FOR19.97 BILLION
CONVERSION
SHARES AT HK$0.016 PER SHARE
    * UNDER TERMS OF CONVERTIBLE NOTES, CO REQUIRED TO ISSUE
AGGREGATE
46.79 BILLION CONVERSION SHARES UPON CONVERSION
    * PROPOSES TO INCREASE CO'S AUTHORISED SHARE CAPITAL TO HK$2
BILLION DIVIDED INTO 125 BILLION SHARES OF HK$0.016 EACH

Source text for Eikon:  ID:nHKS3QVctJ 
Further company coverage:  0433.HK 

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))