Amani Gold Limited
(ASX:ANL) has executed a binding subscription agreement with Hong Kong-based, Luck Winner Investment Limited, for a $25 million capital raising transaction.
Stage 1 of the transaction, will involve a $15 million investment, settled within two business days of agreement execution. Stage 2, will see the remaining $10 million completed after shareholder approval and other conditions precedent.
In stage 1, Luck Winner will receive 300 million fully paid ordinary shares in the capital of Amani. In stage 2, it will receive 200 million of the same type of shares, plus 250 million free attaching options.
Shares in Amani Gold Limited
(ASX:ANL) are trading 2.56 percent higher to 4 cents.
