Rex International to raise $7.6m at $0.143 per share
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Rex International Holding Limited plans to raise $7.6 million by issuing approximately 40.1 million new shares at $0.143 each, an 8.9% discount to its previous share price. The placement involves Eagle Harbor Multi-Strategy Master Fund and BB Special Opportunities Fund, with net proceeds expected to be $7.3 million for corporate purposes. Additionally, the company will issue warrants to both funds, which could increase their shareholding to approximately 7.56% of the enlarged capital if exercised.
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