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BRIEF-Timeless Software signs placing deal for up to 425 mln new shares
December 13, 2016 / 3:22 PM / in 10 months

BRIEF-Timeless Software signs placing deal for up to 425 mln new shares

Dec 13 (Reuters) - Timeless Software Ltd

* placing Of New Shares Under General Mandate

* company entered into placing agreement with placing agents

* intendes to use the proceeds for repayment of promissory note held by starmax and accrued interest of approximately hk$10.9 million

* Net proceeds from placing are estimated to be hk$39.5 million

* placing agents to place, up to 425 million new placing shares to not less than six placees at a price of hk$0.095 per placing share Source text for Eikon: Further company coverage:

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