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BPH Energy Limited (ASX:BPH) Investee Cortical lodges FDA - ABN Newswire (@ABN_Newswire)

BPH Energy Limited (ASX:BPH) Raises $9 million in Share Placement - ABN Newswire (@ABN_Newswire)

BPH Energy Limited (ASX:BPH) Raises $9 million in Share Placement    Raises $9 million in Share PlacementPerth, Feb 3, 2021 AEST (ABN Newswire) - BPH Energy Limited ACN 095 912 002 ( ASX:BPH) is pleased to announce that it has completed a significant share placement. The placement consists of 69,230,769 fully paid ordinary shares (Shares) at an issue price of $0.13 (13 cents) per share to sophisticated and professional investors under the Company s current ASX Listing Rule 7.1 placement capacity to raise $9 million (Placement). The issue price represents a discount of 20.2% to the 10 day VWAP of the Company s shares prior to their trading halt on 1 February 2021. $7 million of the Placement was managed by Everblu Capital (Lead Manager) who will receive a fee of 6% of the funds raised together with 6 million share options with an exercise price of $0.26 per share and an expiry date of 8 February 2023.

BPH Energy Limited (ASX:BPH) Raises $9 million in Share Placement - ABN Newswire (@ABN_Newswire)

BPH Energy Limited (ASX:BPH) Raises $9 million in Share Placement    Raises $9 million in Share PlacementPerth, Feb 3, 2021 AEST (ABN Newswire) - BPH Energy Limited ACN 095 912 002 ( ASX:BPH) is pleased to announce that it has completed a significant share placement. The placement consists of 69,230,769 fully paid ordinary shares (Shares) at an issue price of $0.13 (13 cents) per share to sophisticated and professional investors under the Company s current ASX Listing Rule 7.1 placement capacity to raise $9 million (Placement). The issue price represents a discount of 20.2% to the 10 day VWAP of the Company s shares prior to their trading halt on 1 February 2021. $7 million of the Placement was managed by Everblu Capital (Lead Manager) who will receive a fee of 6% of the funds raised together with 6 million share options with an exercise price of $0.26 per share and an expiry date of 8 February 2023.

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