News and Announcements
Analytica Share Placement of $500k to Cornerstone Investor
- Published July 27, 2016 2:56PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
27th July 2016, ASX Announcement
Analytica Ltd (ASX: ALT), manufacturer of the PeriCoach® System, is pleased to announce the further placement of new fully paid ordinary share to our American Virgin Island cornerstone investor INOV8 LLC.
Shares will be issued in 2 tranches at an issue price of $0.007 per share. The first tranche is for 35,714,285 shares with a settlement date of 31st August 2016. The second tranche is for 35,714,286 shares and a settlement on the 30th September 2016/ These allotments total $500,00.
These funds, together with anticipated R & D tax incentive for 2016 and the expenditure reduction program, strengthens Analytica’s cash postilion.
To view the full announcement, please click on the button below.
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