QMT GRAND T G GOLD（8299）to issue 72 million new Shares
GRAND T G GOLD（8299）entered into the Agreement whereby the Company agreed to allot and issue 72 million new Shares at the Subscription Price of HK$0.07 per Share. The Subscription Shares represent approximately 2.64% of the existing issued share capital and approximately 2.57% of the issued share capital of the Company as enlarged.
The gross proceeds and net proceeds from the Subscription will be HK$5.04 million and approximately HK$4.97 million respectively and intends to be used as general working capital and for the development of the Company’s gold business or any other new investment project which may be identified by the Company from time to time.
