Crew BOS EGM approves issue of warrants

Crew BOS Products Ltd has announced that the members at the Extraordinary General Meeting (EGM) of the Company held on January 08, 2007, have approved the following:

1. Issue of warrants aggregating to not more than 12,50,000 in number, convertible into equity shares on preferential basis to the promoters / private business investors.

2. Raising of long term funds through issue of further shares in the international market in the form of Global Depository Receipts (GDR's) / Foreign Currency Convertible Bonds (FCCB's) or through Private placement including Qualified Institutional Placements (QIP's), etc., upto USD 25 million.

Source : Equity Bulls

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