Shareholders in Barita Investments have approved a resolution for the company to issue up to 200 million new ordinary shares in an Additional Public Offer.
The resolution was passed at the company’s annual general meeting yesterday.
The resolution also includes the option to upsize the offer by an additional 100 million shares.
Barita has not yet indicated a price for the new share offer, nor how much they intend to raise.
The stock opens trading this morning at 57-dollars 48-cents.
Meanwhile, the company says they intend to open two new locations.
The announcement was made by the company’s General Manager, Paula Barclay, at yesterday’s AGM.
Paula Barclay, General Manager of Barita Investments.