DRO 7.34% $2.34 droneshield limited

DroneShield Limited (Company) (ASX:DRO) is pleased to announce...

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    DroneShield Limited (Company) (ASXRO) is pleased to announce it has received firm commitments
    from sophisticated, professional and institutional investors to raise $7.5 million through a placement of 60
    million fully paid ordinary shares (Shares) at an issue price of $0.125 per Share (Placement).

    In recognition of the Company’s retail shareholders, the Company will also be providing eligible shareholders
    with the opportunity to participate in a Share Purchase Plan to raise up to $1.5 million (SPP). The new
    Shares to be issued under the SPP will be issued at $0.125 per Share, the same price as the Placement.
    Each eligible shareholder will be entitled to apply for up to $30,000 worth of Shares and the Company
    reserves the right to increase the size of the SPP or scale back applications under the SPP at its discretion.
 
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