NZF raises $125k to finance reverse listing possibilty

Fri, 26 Feb 2016

By Paul McBeth Feb. 26 (BusinessDesk) - NZF Group has raised $125,000 from a wholesale investor to finance options for a possible reverse listing almost a year after it entered voluntary administration when two prior attempts at reverse listing fell through. The company will sell 16 million shares at 0.008 cents apiece to wholesale investor Chai Kaw Sing, NZF said in a statement. The funds raised will let the shell company pay its NZX listing fees and cover the costs of "identifying, investigating and potentially consummating a suitable...

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