BRIEF-Valence Industries updates on rights issue By Reuters

Gold, Yields, US Dollar at Inflection Point: Bullish Pivot or Destruction Ahead?

BRIEF-Valence Industries updates on rights issue

Published Mar 04, 2016 09:16

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BRIEF-Valence Industries updates on rights issue

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March 4 (Reuters) - Valence Industries Ltd VXL.AX :

* "Taken steps to minimise cash outgoings by further reducing operating and head office costs"

* Says "retained a limited number of key staff to continue planning for the necessary work"

* Continued to actively investigate corporate transactions, possible offers for and both debt and equity capital raising options

* Company's shares will remain suspended from trading until completion of the rights issue, scheduled for 29 April 2016

* Source text for Eikon ID:nASX6N9hK1

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