News and Announcements
Leaf Resources Placement Raises $795,000
- Published June 07, 2016 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
6th June 2016, ASX Announcement
Leaf Resources would like to advise that they have received commitments, principally through Lodge Partners from sophisticated investors for a placement of 7,250,00 ordinary shares at an issue price of $0.10 as well as a conversion of 700,00 options exercisable at $0.10 thereby raising a total of $795,000.
The placement price of $0.10 was the closest market price at the close of business on Wednesday 1st June 2016, when the company suspended its shares.
In addition to the funds from the placement, the company is expecting to receive a total of over $650,00 from Joint Venture research fees, the Export Market Development Grant program and the R & D Tax Rebate in the near future.
To view the full announcement, please click on the button below.
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