By Devika Patel
Knoxville, Tenn., Feb. 3 - Melco China Resorts (Holding) Ltd. said it plans a C$15 million private placement of stock.
The company will sell 100 million common shares at C$0.15 apiece to Wisecord Holdings Ltd.
Proceeds will be used to advance Melco China Resorts' subsidiaries and projects in China.
Vancouver, B.C.'s Melco China Resorts owns and operates two destination ski resorts in China.
| Issuer: | Melco China Resorts (Holding) Ltd.
|
| Issue: | Common shares
|
| Amount: | C$15 million
|
| Shares: | 100 million
|
| Price: | C$0.15
|
| Warrants: | No
|
| Investor: | Wisecord Holdings Ltd.
|
| Pricing date: | Feb. 3
|
| Stock symbol: | TSX Venture: MCG
|
| Stock price: | C$0.10 at close Feb. 2
|
| Market capitalization: | C$8.74 million
|
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