MELBOURNE: Mercury Brands has halted trade on the Australian Securities Exchange, pending an announcement concerning its financing agreements on Friday (September 18).
This announcement is likely to relate to Biron Capital's attempts to buy into the apparel group.
If approved the move will result in a capital injection of $2 million-plus for Mercury Brands, through the sale of 175 million shares and 52 million options.
Labels in the Mercury Brands stable include Kangol, Jimmie Jams, French Kitty and Crusty Demons.