Most interested in these parts:
1. Directors contributing 12% of Placement, subject to shareholder approval.
2. SPP opportunity for existing shareholders to increase their holding at the same price as the Placement.
6 Million is pretty good, glad the placement is not below thirty. Not a bad raise all considered I think and better than going into debt in my opinion. The introduction of new institutional investors will be interesting, I wonder who they are.
“Today’s placement of additional funding by high value investors will enable us to fast-track the expansion of our product range and drive future growth in revenue and market share.” Paterson concluded.
Justification is a bit light on, but let's hope this money can be used to have us making money sooner. Can't wait for AHZ to be making enough money to not need to get into further debt or do further raises.
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- Ann: Admedus secures further funding with Placement and SPP
Ann: Admedus secures further funding with Placement and SPP, page-7
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