CATALIST-LISTED Anchor Resources has entered a placement agreement with 18 subscribers for 143.8 million new shares in the capital of the company at an issue price of S$0.0153 each that will raise S$2.2 million, it said before market open on Tuesday.
The issue price represents a discount of 10 per cent to Anchor Resources’ volume weighted average price of S$0.017 for trades done on April 3, prior to its trading halt on April 4. The company requested to lift the trading halt in a separate filing on Tuesday morning. When the placement is complete, introducer Mr Tan Ong Huat will be paid seven per cent of the S$2.2 million raised, satisfied with 10.1 million new shares in the company at the issue price of S$0.0153, worth around S$154,000.
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