Ann: MXC to Raise $5.0m - Capital Raising Oversubscribed-MXC.AX, page-3

They did well IMO, wanted a few more so will be taking this up and riding MXC out to it goes bunta...

Use of Funds
The funds raised by the Placement and PRO will see the Company fully funded to execute its current business plan, and be used for:

• The construction of the Company’s Slovenian CBD growing facility
• Complete the build of the Slovenian research laboratory and CBD extraction facility
• To fund the Company’s genetics and breeding research operations by its [COLOR=rgb(13.300000%, 13.300000%, 13.300000%)]Czech Republic based [/COLOR]Panax subsidiary, within [COLOR=rgb(13.300000%, 13.300000%, 13.300000%)]VUKOZ’s €8 million state-of-the-art laboratories and growing facility [/COLOR]
• To continue the development and initial implementation of the Company’s five pillar Australian Strategy
• Complete the roll-out of the Company’s MGC Derma cosmetics product line of approximately 50 products,
  including its psoriasis and acne treatment products
• General working capital