New Myanmar Investments shares admitted to trading

Burma-focused investment company Myanmar Investments International confirmed on Tuesday that, following its announcement on 13 September regarding its $4.22m gross fundraising, that the 3.25 million new ordinary shares of nil par value each and 811,368 new warrants were admitted to trading on 16 September.

The AIM-traded firm said the proceeds of the fundraising will be used to fund its investment pipeline, in order to take advantage of a number of live investment opportunities.

“It is expected that, subject to market conditions, the proceeds will be deployed within six months,” its board said in a statement.

“The issued share capital of the company following the fundraising is 30,553,627 ordinary shares, with voting rights.”