Crux of the announcement:
Greenpower Energy Limited (ASX: GPP, Greenpower) is pleased to announce that it has
received commitments for a share placement to raise $2.0 million before costs
(Placement). The Company will also be conducting a Share Purchase Plan to existing
eligible shareholders expected to raise up to $0.5 million (SPP) on the same terms as the
Placement.
The new shares will be issued at a price of $0.013 which represents a 14.4% discount to the
volume weighted average price over the last five days of trade prior to the Company’s
trading halt on 12 March 2018.
Capital raised from the Placement and SPP will be used to advance the Turesi Ridge
drilling campaign at the Morabisi Lithium project, ensure the existing portfolio of assets is
kept in good standing and to augment working capital.
At the end of release:
Xcel Capital Pty Ltd are acting as Lead Manager to the Placement and the SPP. Mr Edwin
Bulseco is a Director and substantial shareholder of Xcel. Mr Edwin Bulseco absented
himself from the Greenpower Board voting on the appointment of Xcel as Lead Manager,
and will not participate in resolutions of the Board where there is a potential conflict.
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Ann: Capital Raising Placement & Share Purchase Plan, page-2
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Mkt cap ! $2.474M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $1.074K | 69.28K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 63879 | 1.5¢ |
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Price($) | Vol. | No. |
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1.6¢ | 675523 | 6 |
View Market Depth
No. | Vol. | Price($) |
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2 | 403346 | 0.014 |
2 | 459991 | 0.013 |
2 | 249995 | 0.012 |
7 | 1027118 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 675523 | 6 |
0.017 | 180524 | 3 |
0.018 | 366660 | 2 |
0.019 | 210000 | 1 |
0.020 | 356995 | 3 |
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