Jatcorp (ASX:JAT) to raise $2.8M for ANMA expansion
Source: Jatcorp
China-Australia trade company Jatcorp (JAT) has received applications to undertake a $2.8 million placement
More than 148.8 million fully-paid ordinary shares will be issued to sophisticated and professional investors at 1.9 cents
Subject to shareholder approval, participants will receive one free-attaching option for every two shares subscribed for, exercisable at 0.6 cents on or before January 29, 2023
Once received, Jatcorp will use the funds to expand its ANMA manufacturing facility, develop new products and provide working capital
After emerging from a trading halt, shares in Jatcorp are steady on the market and are trading at 2.3 cents