CGR 2.86% 6.8¢ cgn resources limited

News: CGR CML Group announces launch of senior secured note offering to raise a minimum of $20 mln

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    March 8 (Reuters) - CML Group Ltd (CGR) :

    • Launching a senior secured note offering to raise a minimum of $20 million, will be accepting oversubscriptions up to $25M by 23 March 2016
    • Says note offering will increase the funds available to grow the loan book in its finance division
    • Says net proceeds of the offering will be used to fund the acquisition of cashflow advantage pty ltd
 
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