News and Announcements
Leaf Resources Placement Raises $1,000,000
- Published October 23, 2015 12:36PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
23rd October 2015, ASX Announcement
Leaf Resources have received commitments from sophisticated investors for a placement of shares through Lodge Partners. The placement, which will be conducted in two tranches, is for approximately 7.7 million shares at $0.13 raising approximately $1,000,000 before costs. The first tranche will settle on 28th October and the second tranche will settle on the 11th November 2015. The placement delivered the targeted amount.
The placement price of $0.13 represents a 13.33% discount to the closing price on Tuesday 20th October 2015, when the shares were suspended and a 15% discount to the 30 day VWAP to that same date.
To read the full announcement, please click here.
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