This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
BF&M Limited Announces Successful Conclusion to Rights Offering
Hamilton, Bermuda,July 14, 2006-BF&M Limited (the "Company") today announced the successful conclusion to its Rights Offering to raise $22.3 million. John Wight, President & Chief Executive Officer of BF&M Limited stated,
"We are delighted to report that the company's Rights Offering was successfully completed. Strong support was shown for the Company and its future and we would like to thank all those who successfully participated in it. As we had previously reported, this Rights Offering is a key element of our group's strategic plan for growth. The capital raised will be used to finance BF&M's expansion strategy, in particular the growth of its wholly owned subsidiary, Bermuda International Insurance Services Limited, a company formed to market and distribute life insurance products to high net worth clients globally.This capital will also provide BF&M with the ability to act on future expansion opportunities as they arise."
