By Devika Patel
Knoxville, Tenn., Feb. 12 - Maryborough Sugar Factory Ltd. announced it completed a private placement of shares for A$40 million.
The company sold shares to six institutional investors.
Proceeds will be used to repay debt.
Based in Maryborough, Australia, Maryborough Sugar Factory grows sugar cane and manufactures raw sugar.
| Issuer: | Maryborough Sugar Factory Ltd.
|
| Issue: | Shares
|
| Amount: | A$40 million
|
| Warrants: | No
|
| Announcement date: | Feb. 12
|
| Settlement date: | Feb. 8
|
| Stock symbol: | Australia: MSF
|
| Stock price: | A$2.60 at close Feb. 12
|
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