NOVONIX Ltd (ASX:NVX) Confirmation of Director Placements
OTCMKTS:NVNXF) announced that the Company had entered into placement agreements with each of Mr Trevor St Baker AO, Mr Andrew N. Liveris AO, Admiral Robert J. Natter and Mr Robert Cooper, pursuant to which new shares were to be issued to the directors or associates of the directors at an issue price of A$2.90 per share, raising A$16.45 million in aggregate (Director Placements).
The Director Placements were made conditional on shareholder approval being obtained for the purposes of ASX Listing Rule 10.11 and for all other purposes, and also on completion of the institutional placement and share purchase plan (SPP) announced on 25 February 2021.