Proposed Capital Raising
MIKOH Corporation Limited ("MIKOH") advises that it has engaged Hanuman Private Wealth (Hanumans) to advise on and to raise funds for MIKOH.
The Board of MIKOH has instructed Hanumans to place up to a total of 27,150,000 shares at 3.5 cents each to sophisticated investors in order to raise approximately $950,250.
The raising will be conducted in 2 tranches with the first tranche raising up to a maximum of $670,000 which is expected to be finalised by 24 December 2010 and the 2nd tranche for the balance up to $950,250 expected to be finalised by 31 January 2011.
The placement will be conducted pursuant to the Company's ability to place up to 15% of its share capital in accordance with ASX Listing Rule 7.1.
A presentation has been issued by MIKOH to inform existing and potential shareholders about the activities and prospects of MIKOH.
Download this document
