News and Announcements
Funding Update: Convertible Loan and Capital Raising
- Published April 16, 2012 4:45PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
AnaeCo Ltd (“AnaeCo” or “the Company”) is pleased to advise it has finalised terms for the $10 million funding facility with an entity controlled by Dr Ian Campbell (a director of the Company) (originally announced 29 February 2012), and has also commenced working on a $15 million Capital Raising.
AnaeCo has entered into an agreement with CF2 Pty Ltd as trustee for the CF Trust (CF2), an entity controlled by Dr Ian Campbell, whereby CF2 has made available a loan facility to the Company of up to $10 million (Loan). Key terms of the Loan are noted below.
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