SINGAPORE (Apr 17): Shares in Alliance Mineral Assets edged lower this morning after announcing on Monday night it plans to issue 13.25 million new shares valued at nearly $4.9 million to certain directors and executives including former CEO Tjandra Pramoko and wife and executive director Suen Sze Man who were both asked to step down earlier.

The value of the shares was based on last Friday's closing price of 37 cents at an exchange rate of $1 to A$0.983. The new shares represent 1.94% of the the enlarged issued share capital of Alliance Mineral.

As at 10.37am, shares in Alliance Mineral were trading at 36 cents, 1.37% or 0.5 cent lower than its Monday closing price of 36.5 cents with nearly 970,000 shares traded.

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