July 3, 2017 / 6:32 AM / 2 months ago

BRIEF-Spear REIT completes private placement to raise 182.5 mln rand

July 3 (Reuters) - Spear Reit Ltd:

* Says completed private placement to raise 182.5 million rand, by way of vendor consideration placement

* Says total of 19,220,191 new shares will be issued at a price of 9.50 rand per share

* Consideration raised will be used to repay debt incurred in previous acquisitions and to fund acquisitions that have or are being concluded Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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