to raise funds with spp and placement

Sydney - Tuesday - October 28: (RWE Aust Business News) -
Ventracor Ltd (ASX:VCR) has announced a share purchase plan (SPP) for
Australian and New Zealand shareholders as part of a revised funding
strategy.
Eligible shareholders on the books at 7pm AEDT on November 5 will
be able to buy up to $5,000 worth of shares at 8.1c per share, which
represents a 20 per cent discount to the five-day volume weighted average
price at the close of trading yesterday.
The opening date of the plan is November 11 and closing date is
December 2.
In addition to the SPP, Ventracor also intends to make a
placement to institutional and other investors of up to 15 per cent of
the company's shares (approximately 45 million) at a price to be
determined by directors following a book build process.
Funds raised by the SPP and placement will be primarily used for
working capital.