The share placement was fully subscribed and attracted interest from institutional investors including ICH Capital, Asdew Acquisitions, and Astral Value Fund VCC, as well as accredited investors.
GKE Corporation has completed the share placement of 88.12 million new ordinary shares for 9.68 cents per share, raising gross proceeds of $8.53 million.
The share placement of 88.12 million new shares represents about 11.44% of the existing issued share capital of 770.48 million shares and will represent approximately 10.26% of the enlarged issued share capital of 858.60 million shares, excluding 24.22 million treasury shares.
