By Phil Boeyen, ShareChat Business News Editor
Monday 13th November 2000
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The company says it has received commitments for all $75 million of the notes reserved for firm allocation by NZSE member clients. It has also received an excess of applications from the public pool to take up another $50 million of the notes, including over-subscriptions of $25 million.
Montana is using the capital notes issue to fund the purchase of Corbans.
At the company's AGM on Friday shareholders approved a special resolution to provide the group's bankers with guarantees that enabled the acquisition of Corbans to be completed that day.
Montana is expected to make a further announcement on the notes issue tomorrow.
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