June 27 is the last day for trading of the rights of Bulgaria's Agricultural Land Fund Mel Invest. The deadline for subscription of shares from the funds' capital raise was June 21. A total of 2m rights were issued, each of them allowing the subscription of one share with a BGN 1 par value. The company has plans to raise its capital to BGN 15m within a few months. It will invest in arable land in northern and eastern Bulgaria. Founders of the special purpose vehicle are Mel Invest Holding (45.4%) and MIA (22%).