CG1 carbonxt group limited
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Oct 15 (Reuters) - Carbonxt Group Ltd (CG1) : ANNOUNCES...

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    15/10/18
    12:20
    Post #: 36125159

    Oct 15 (Reuters) - Carbonxt Group Ltd (CG1) :

    • ANNOUNCES SUCCESSFUL INSTITUTIONAL PLACEMENT RAISING ABOUT $3.0 MILLION (BEFORE COSTS)
    • NOW INTENDS TO RAISE FUNDS TO DEVELOP FULL-SCALE PLANT AT GAINESVILLE CAPABLE OF PRODUCING ESTIMATED 3,500 TONS A YEAR FROM COMMISSIONING IN 4QFY19
    • ANNOUNCES 1 FOR 4 PRO-RATA NON-RENOUNCEABLE OFFER OF NEW SHARES IN CO AT AN OFFER PRICE OF $0.40 PER NEW SHARE
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