ASL Marine Allots and Issues Over 18 Million Shares Upon Exercise of Warrants

MT Newswires07-16

ASL Marine (SGX:A04) allotted and issued 18,014,650 shares in the company's capital pursuant to the exercise of the same number of warrants at an exercise price of SG$0.06 per share, according to a filing with the Singapore Exchange on Monday.

Following the exercise, the number of issued ordinary shares of the company has increased from 919,701,801 ordinary shares to 937,716,451 ordinary shares.

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