General de Alquiler de Maquinaria, S.A. announced that it has received 1.01 million in funding.
November 18, 2014 at 11:00 pm EST
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General de Alquiler de Maquinaria, S.A. (CATS:GALQ) announced a private placement of 10,089,833 shares at 0.0999950 per share for gross proceeds of 1,008,933 on November 19, 2014. The shares carry a nominal value of 0.10 per share. On closing, the capital of the company increased to 6,070,170.
On November 19, 2014, General de Alquiler de Maquinaria, S.A. closed the transaction.
General de Alquiler de Maquinaria SA (GAM) is a Spain-based company principally engaged in the acquisition, repair and rental of heavy equipment and vehicles. The Companyâs rental fleet includes compactors, compressors, dumpers, electric machinery, platforms, cranes, scaffolds and transport vehicles, as well as auxiliary equipment and machinery used in the infrastructure, agricultural, port, construction, industrial and energy sectors. In addition, the Company is involved in the sale of second-hand equipment. The Company operates through Barquero, GAM Noroeste SLU, GAM Divisiones Especializadas SLU, Aldaiturriaga SA, GAM Renove SAU, GAM Canarias SLU and Grupo Internacional de Inversiones en Maquinaria GAM SA, among others.