News and Announcements
Altech Chemicals Capital Raising Update July 2016
- Published July 22, 2016 3:44PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
22nd July 2016, ASX Announcement
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) advises that further to the suspension in trading of the Company’s securities on the Australian Securities Exchange (ASX) pre-open this morning, Perth stockbroking firm DJ Carmichael Pty Ltd (Lead Manager) and Hong Kong stockbroking firm Empire Capital Partners (Co-Manager) are arranging a placement of fully paid ordinary shares of the Company to a variety of professional and sophisticated investors (the Placement).
Funds raised by the Placement will be applied to the detailed design of the Company’s proposed high purity alumina (HPA) plant at Johor, Malaysia, the completion of debt financing for the project and for general working capital purposes.
To view the full announcement, please click on the button below.
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