Bethunes seeks new investors in deeply discounted rights issue

Mon, 27 Jul 2015

By Suze Metherell July 27 (BusinessDesk) - Bethunes Investments, formerly known as Mowbray Collectables, is looking to raise up to $2.87 million at a 93 percent discount to the current share price, and wants new investors to help keep its struggling auction houses afloat. The Wellington-based antiques dealer is looking to raise cash via a 15-for-one renounceable rights offer, priced at 1.5 cents per share, with plans to raise a minimum of $1.5 million, it said in an announcement on the NZX. That's a 93 percent discount to the company's 20...

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