DMC Vaults to issue 9 Lacs warrants

DMC Vaults Ltd has announced that the Board of Directors of the Company at its meeting held on September 29, 2006, has approved issue of 9,00,000 Convertible Warrants of Series 1 and 9,00,000 Convertible Warrants of Series 2 to the Strategic Investors with an entitlement to convert in to accordance with the Equity Shares of the Company at the option of the warrant holder in terms of the In-principal approval dated September 28, 2006.

Source : Equity Bulls

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