New Century replacing some debt with equity

NEW Century Resources is to replace debt with equity via a planned US$25 million fundraising featuring US hedge fund Luxor Capital.

New Century replacing some debt with equity New Century replacing some debt with equity New Century replacing some debt with equity New Century replacing some debt with equity New Century replacing some debt with equity

Century, Qld

Luxor and two undisclosed existing institutional shareholders will invest a total of $15 million at A15.5c per new share, with the other US$10 million being targeted via an entitlement offer.