VCI Global To Facilitate Capital Raising Of No Less Than $210M For Magnum Mining & Exploration
VCI Global To Facilitate Capital Raising Of No Less Than $210M For Magnum Mining & Exploration
The agreement with VCCL and 2x1.Digital Private Limited ("2x1.Digital") is to undertake a capital raising of no less than US$210 million ("Capital Raising") to advance Magnum's Green Pig Iron Project (the "Project") in Saudi Arabia. Magnum is to receive no less than US$10 million as working capital, and the remaining amount, no less than US$200 million, is to be provided as 50% of the capital for the Midmetal HIsmelt plant. The remaining 50% funding for the Midmetal HIsmelt plant will be matched by the Saudi Investment Development Fund ("SIDF"). Investors participating in the Capital Raising will receive fully paid ordinary shares in Midmetal in proportion to their participation in the Capital Raising up to a total aggregate interest in Midmetal of 50%; and, subject to Magnum's shareholder approval, fully paid ordinary shares in Magnum in proportion to their participation in the Capital Raising up to a total aggregate interest in Magnum of 19.99%.
與VCCL和2x1.Digital Private Limited（“2x1.digital”）達成的協議將進行不少於2.1億美元的融資（“融資”），以推進瑪格南在沙特阿拉伯的綠色生鐵項目（“項目”）。瑪格南將獲得不少於1,000萬美元的營運資金，其餘不少於2億美元，將作爲Midmetal HisMelt工廠資本的50％提供。Midmetal HisMelt工廠剩餘的50％資金將由沙特投資發展基金（“SIDF”）配套。參與籌資的投資者將獲得與其參與融資成比例的全額支付的Midmetal普通股，Midmetal的總權益不超過50％；而且，經瑪格南股東批准，按參與籌資的比例全額支付的瑪格南普通股，最高可達19.99％的Magnum總權益。
譯文內容由第三人軟體翻譯。