A$4.3m from retail investors, that's a pretty solid outcome when compared to the $7.4m raised from deep pocket instos.
65% of placement successfully completed already, with Bell Potter looking to place the reamining 35% under the retail offer.
Looks like CHM will be funded to achieve its goals and no delays or changes in trajectory required due to a shortfall in funding (which is always a risk, as the corporate looks to cut costs to work within the funding constraints).
A great outcome if they can get the A$18m they asked for, with A$11.7m already in the bag ... A$6.3m to go!
With funding sorted, the business can focus on execution... and there is a lot to execute this year alone!
Ann: Completion of retail component of Entitlement Offer, page-2
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