Shangshan Gold International Holdings Ltd. has announced a supplemental agreement related to its placing of new shares under a general mandate. The company and its placing agent have amended certain terms of their original placing agreement, including an extension of the long stop date. Upon completion, the total number of issued shares will increase from 500,000,000 to 511,880,000, with new shares being allocated to placees. The company cautions that the completion of the placing remains subject to the satisfaction of certain conditions precedent, and there is no certainty that the transaction will proceed.
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