News and Announcements
Analytica Share Placement of $250,000 to Cornerstone Investor
- Published October 06, 2016 11:39AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
5th October 2016, ASX Announcement
Analytica Ltd (ASX: ALT), manufacturer of the PeriCoach® System, is pleased to announce the allotment of 35,714,286 shares ($250,000) to cornerstone investor INOV8 LLC. The shares were issued at $0.007. An Allotment 3B is attached.
The is the second of two tranches, totaling $500,000 that was announced to the market on the 27th July 2016.
These funds, together with anticipation R & D tax incentive for 2016 and the expenditure for 2016 and the expenditure reduction program, strengthens Analytica’s cash position.
To view the full announcement, please click on the button below.
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