29 Mar 2017

Anchor Resources Limited's issue of exchangeable bonds and guaranteed non-convertible bonds

Danny Lim and Caitlin Huang are advising Anchor Resources Limited, which is listed on the Catalist Board of the SGX-ST, in the issue of S$2 million exchangeable bonds by a subsidiary and S$2.875 million guaranteed non-convertible bonds by the company to Luminor Pacific Fund 2 Ltd. and a private investor respectively, which proceeds are to be utilised to strengthen the group's financial position and advance its strategic plans. The group's existing business is exploration, mining and production of gold for sale in Malaysia.