Eurasia Capital and Mandalay Capital have completed an equity capital raising for Silk Road Ventures for gross proceeds of CAD5m.
Eurasia Capital and Mandalay Capital have acted as financial advisors and joint placement agents with the regards to this transaction. Both firms are retained to advise Silk Road Ventures on planned larger equity placement to be completed in February 2014.
Silk Road Ventures intends to use the proceeds of this private placement to invest in high growth frontier markets in Mongolia, Myanmar and Mozambique.
“We are pleased to assist Silk Road Ventures in this equity financing transaction,” says Sardor Koshnazarov, managing director, Mandalay Capital Group. “This transaction underscores investor interest in Myanmar and other frontier markets and represents an important first milestone for Silk Road Ventures as this group is gearing to execute its frontier markets investment strategy.”
“Eurasia Capital is pleased to raise capital for Silk Road Ventures, joining efforts with Mandalay Capital,” says Oyunbold Gombo, CEO of Eurasia Capital Holding JSC. “We are encouraged by plans of Silk Road Ventures to invest actively in Mongolia, including in companies listed on the Mongolia Stock Exchange.”
Silk Road Ventures is a Canadian investment company, seeking investment opportunities in high growth frontier markets globally.
