Sydney: 22March 2021, Pure Hydrogen Corporation Limited (ASX: PH2or ‘Pure Hydrogen’) is an Australian East Coast focused Energy Company is pleased toannouncethat it raised $9.4 Million before costs through a placement to sophisticated and institutional investors through the issue of32,430,346CDIs/shares inthe Company at a price of A$0.29per CDI/Sharetogether with half an option for each CDI/share subscribed. Each option will be unquoted and exercisable into one Share at an exercise price of A$0.45up until 30March 2023.The fund raising was very well supported and heavily bid from a mix of existing investors as well as new funds and sophisticated investors.
The 0.45 price is a nice vote of confidence. Still wish I could see the details and cost of the plant to make the hydrogen from the Methane!
PH2 Price at posting:
31.5¢ Sentiment: Hold Disclosure: Held
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