Gijima Group to Raise 100m Rand in Rights Offer

 In news

Co. to offer 1b shrs at subscription price of 10c/shr in ratio of 503.9867 rights offer shrs/every 100 held.

* Proceeds to be be used to recapitalize co., finance working capital, capex requirements, to settle bridge loan
* NOTE: Yebo Guma provides interim bridge loan of 30m rand. Source: Bloomberg

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