| Announcement Title | General Announcement |
| Announcement Subtitle | USE OF PROCEEDS ARISING FROM CONVERSION OF WARRANTS |
| Securities | MDR LIMITED (MDR) |
| Date & Time of Broadcast | Sep 9, 2014 18:27 |
| Submitted By | ONG GHIM CHOON DIRECTOR & CHIEF EXECUTIVE OFFICER |
| Description | The Board of Directors of mDR Limited (the 'Company') wishes to announce that the Company has utilised cash proceeds of S$2 million from conversion of warrants arising pursuant to the renounceable non-underwritten rights cum warrants issue undertaken by the Company in 2011 (the 'Conversion of Warrants') towards general working capital (for third party payments, including suppliers invoices). The use of proceeds is in accordance with the intended use of the net proceeds as described in the Offer Information Statement dated 1 September 2011. The balance of proceeds from the Conversion of Warrants as of to date is S$10.608 million. |
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