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BRIEF-Retail Food Receives Proposal From Soliton Capital Partners To Provide $160 Mln To Recapitalise Co

Published 09/07/2019, 05:37 pm
Updated 09/07/2019, 05:40 pm
© Reuters.  BRIEF-Retail Food Receives Proposal From Soliton Capital Partners To Provide $160 Mln To Recapitalise Co
RFG
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July 9 (Reuters) - Retail Food Group Ltd RFG.AX :

* GRANTED SOLITON CAPITAL PARTNERS LIMITED EXCLUSIVITY WHILE DISCUSSIONS CONTINUE AND FURTHER DUE DILIGENCE IS BEING UNDERTAKEN

* RECEIVED AN INDICATIVE NON-BINDING PROPOSAL FROM SOLITON CAPITAL PARTNERS

* INDICATIVE NON-BINDING PROPOSAL FROM SOLITON CAPITAL PARTNERS TO PROVIDE ABOUT $160 MILLION TO RECAPITALISE CO

* SEES ANY RECAPITALISATION PROPOSAL WHICH MAY BE CONCLUDED TO INCLUDE DEBT& EQUITY/EQUITY-LINKED COMPONENTS,MAY BE DILUTIVE TO SHAREHOLDERS

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