GRP

GRP: Becomes the next company to target an entry into Myanmar, after the grp announced that it has entered into a Collaboration agreement with MGS Resort & Entertainment for the purposes of developing and managing properties in Myanmar. MGS is a Myanmar conglomerate with activities ranging from banking and finance, engineering, agriculture, construction and development of properties. The company is proposing a renounceable rights cum warrants issue of up to 418.2m new ordinary shares at an issue price of $0.08 for each rights share on the basis of 3 rights shares for every shares held in the company, with up to 418.2m free warrants at an exercise price of $0.08.