Nigerian-German Chemicals PLC (NGSE:NIG-GERMAN) announced that it has entered into an investment agreement with new investor Atlantic Coast Regional Fund, a fund managed by Advanced Finance & Investment Group LLC for gross proceeds of $14,000,000 on December 23, 2014. The shareholders of the company approved the transaction at its 2014 Annual General Meeting. The completion of the transaction is subject to Nigerian Regulatory approval, including the Securities and Exchange Commission.
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3.62 NGN | -.--% | -.--% | -.--% |
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- Nigerian-German Chemicals PLC announced that expects to receive $14 million in funding from Advanced Finance & Investment Group LLC.