PROVEN Investments Limited (PIL) effectively raised US$10.3 million ($1.1 b) in its rights issue which closed last Friday, the company indicated. The company will use the proceeds to finance future undisclosed acquisitions. “Proven Investments Limited rights issue closed on Friday, May…

On Friday May 16, 2014 PROVEN Investments Limited announced the closure of its Right’s Issue offer with a total subscription of 341 applications. The offer, which opened on Monday, May 5, 2014, was a renounceable Rights Issue that allowed existing shareholders…