The ASX have a regulatory relief for listed companies for this COVID outbreak and is allow them to increasing the 15% placement capacity under LR 7.1 to 25%. RNO mention this "The Company requests two consecutive trading halts for the purposes of considering, planning and executing a material capital raising.." and that pretty much what is written in this article https://hallandwilcox.com.au/thinking/covid-19-asx-regulatory-relief-for-listed-companies/ Almost word for word.
At a guess they'll be aiming for 25% and could possible gain over $4m in this capital raise? Shame the SP is at 8C
I hope what ever they raise, will be used to help the company to get substantial growth and not wasted
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The ASX have a regulatory relief for listed companies for this...
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