Derrimon Trading Company gives green light for additional APO

The board of  listed company Derrimon Trading Company has given the green light for resolutions to be considered and voted on by shareholders at the company's annual general meeting on September 25 for an additional public offering, (APO).

Ordinary shares will be offered by way of  an offer for subscription.

Last month the Gleaner reported that Derrimon Trading plans to approach the market with the APO to raise capital.

Given the cap on share capital for junior companies, there is a limit on how much funds Derrimon could raise from the offer.

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