Ann: Trading Halt, page-12

Source from AFR

Drone detection and security software group DroneShield’s seeking to capitalise on investor interest in the company, offering new shares via stockbrokers Peleton Capital and Bell Potter on Thursday.DroneShield chief executive Oleg Vornik with a counter drone pistol. DroneShield stock went into a trading halt in pre-market open, as the brokers launched a raising worth $9 million to $11 million.New shares were for sale at 30¢ each, according to terms sent to fund managers, or an 18.9 per cent discount to the last close.The deal was split into a placement and share purchase plan.Funds raised would be used to build inventory ($7 million) and increase its engineering and sales teams ($2 million).RELATED QUOTESDRODroneshield Limited$0.370 2.78%1 year1 dayFeb 22Aug 22Feb 230.1400.2800.420Updated: Feb 2, 2023 – 10.03am. Data is 20 mins delayed.View DRO related articles The brokers were calling for bids on Thursday. The stock would resume trading on Monday, the term sheet said. The deal would value the company at $146.3 million on a post-completion market capitalisation basis.It comes as DroneShield’s share price has more than doubled in the past year.