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BRIEF-Frontier Digital Ventures participates in Zameen Ltd's capital raising

Published 21/10/2016, 04:40 pm
BRIEF-Frontier Digital Ventures participates in Zameen Ltd's capital raising
FDV
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Oct 21 (Reuters) - Frontier Digital Ventures Ltd FDV.AX

* Participates in Zameen Ltd capital raising

* Under proposed issue, new shares are being offered to existing shareholders which value company at $83.0 million.

* Co would participate in a capital raising being conducted by Zameen Limited

* Will invest a further $2.1 million into zameen as part of this raising

* Plans to take up its full rights entitlement in capital raising maintaining its current equity shareholding at 30% Source text for Eikon: ID:nASX46SP4y Further company coverage: FDV.AX

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