TKS Real Estate PLC announces $ 3.8 million private placement of common shares
TKS Real Estate PLC, leading Western Ukrainian construction and development company with vertically integrated concrete production business, is pleased to announce that it has attracted gross proceeds of approximately USD $3.8 million through the sale of 1,125 thousand shares of common stock.
The issue was subscribed for by a number of institutional investors and the Company’s majority shareholder. Placement proceeds will be used solely to finish several commercial projects that are already at 60% or higher completion level, which will generate additional positive cash flows within the next several months period.