$20M Equity Funding Agreement to accelerate Sales & Manufacture of Invisi Shield®
9:28 AM
PERTH, Australia, April 8, 2021 /PRNewswire/ Australian natural skin care company, Skin Elements Limited (ASX: SKN) (Skin Elements or the Company), is pleased to announce a $20 million equity funding facility with US-based institutional investment group, LDA Capital Limited and LDA Capital LLC (LDA Capital).
Skin Elements has entered into a Put Option Agreement (Agreement) with LDA Capital, under which LDA Capital has agreed to provide Skin Elements with up to $20 million in committed equity capital over the next 36 months.
The Agreement enables Skin Elements to issue shares to LDA Capital over the next three years at the Company’s discretion at a floor price to be determined by Skin Elements and receive funds for the issue of those shares.
$20M Equity Funding Agreement to accelerate Sales & Manufacture of Invisi Shield
PERTH, Australia, April 8, 2021 /PRNewswire/ Australian natural skin care company, Skin Elements Limited (ASX: SKN) (Skin Elements or the Company), is pleased to announce a $20 million equity funding facility with US-based institutional investment group, LDA Capital Limited and LDA Capital LLC (LDA Capital).
Skin Elements has entered into a Put Option Agreement (Agreement) with LDA Capital, under which LDA Capital has agreed to provide Skin Elements with up to $20 million in committed equity capital over the next 36 months.
The Agreement enables Skin Elements to issue shares to LDA Capital over the next three years at the Company s discretion at a floor price to be determined by Skin Elements and receive funds for the issue of those shares.