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Landmark White announces rights offer of new fully paid ordinary shares

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  1. April 21 (Reuters) - Landmark White Ltd (LMW)

    • Announces rights offer of new fully paid ordinary shares in company (new shares), at $0.60 per new share raising approximately $10.5 million
    • Announces private placement to raise approximately $10 million
    • Funds raised under offers will be used to fund cash purchase price for acquisition of MVS of $16 million, costs of offers and additional capital for further investment
    • Rights issue and placement will be managed by Enrizen Capital Pty Ltd. Enrizen has agreed to underwrite rights issue to $5 million
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