News and Announcements
Leaf Resources Raises $2.35m in Placement
- Published November 02, 2016 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
31st October 2016, ASX Announcement
Leaf Resources (ASX: LER, “Leaf” or the “Company”) is pleased to announce that is has successfully raised $2.35 million, through a placement of 16.2 million ordinary shares to sophisticated investors.
The placement was priced at $0.145 per share, which reflected a 12.2% discount to the 30-day volume weighted average price (VWAP) and a 14.7% discount to the last closing price of $0.17, prior to the raise being announced on 26th October. Two directors have participated in the raising to a value of $146,000 and the issue of those shares will need to be approved at a forthcoming EGM.
To view the full announcement, please click on the button below.
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