News

Dorchester investors being offered liquidity

Wednesday 23rd of June 2010

The company's complicated debt-swap offer to debenture holders will take total cash repayments to 50%, give them ownership and control of Dorchester-owned hotels including the proceeds of any sale with operating returns, and offer them a three-year interest bearing note, as well as raise up to $10 million through a share issue, of which $7 million has been underwritten by its two major stakehol...

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