Seacem to issue up to 7-B shares to fund expansion plans

Southeast Asia Cement Holdings Inc., the backdoor listing vehicle of nickel ore exploration firm Platinum Group Metals Corp (PGMC), is planning to issue a maximum of 7 billion shares to be able to raise funds to finance its expansion plans.

In a disclosure to the Philippine Stock Exchange (PSE), Seacem said it has submitted a registration statement, for approval by the Securities and Exchange Commission, to issue the shares.