General Announcement::USE OF PROCEEDS FROM CONVERSION OF WARRANTS

Issuer & Securities

Issuer/ Manager
MDR LIMITED
Securities
MDR LIMITED - SG1N26909308 - A27
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
11-Mar-2015 18:04:28
Status
New
Announcement Sub Title
USE OF PROCEEDS FROM CONVERSION OF WARRANTS
Announcement Reference
SG150311OTHR10AV
Submitted By (Co./ Ind. Name)
Madan Mohan
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of mDR Limited (the "Company") wishes to announce that the Company will use S$2.5 million of the proceeds from the conversion of warrants arising pursuant to the renounceable non-underwritten rights cum warrants issue undertaken by the Company in 2011 (the "Conversion of Warrants") towards general working capital.

The use of proceeds is in accordance with the intended use of the net proceeds as described in the Offer Information Statement dated 1 September 2011.

The balance proceeds from the Conversion of Warrants after the above-mentioned utilization of S$2.5 million are at S$13,912,489.82.

Attachments

Use_of_proceeds_11March2015.pdf
Total size =76K