Twenty Seven Co closes rights issue oversubscribed and raises $2.7 million
Funds raised will be used to assess exploration and mining opportunities at the Mt Dimer mining lease following a recent successful exploration campaign. The rights issue attracted strong support from shareholders and new institutional and professional investors.
Twenty Seven Co Ltd (ASX:TSC) has closed its partially-underwritten renounceable rights issue strongly oversubscribed, raising around $2.7 million.
The rights issue received strong support from shareholders and new institutional and professional investors.
Following completion of the issue, the company is now well funded to advance its prospective suite of exploration assets.
TSC’s chief executive officer Simon Phillips: “We would like to thank our shareholders for the support they have shown during this Rights Issue, demonstrating their continued commitment to the company and enthusiasm for our future as we embark on this excit
Cellmid rights issue raises $3.81 million with strong support and plans follow-on placement for additional $700,000
Its lead manager and underwriter received bids from institutional and professional investors in excess of the available shortfall. Together with the follow-on placement, the company will raise a total of $4,516,369 before costs
Cellmid Ltd’s (ASX:CDY) renounceable rights issue has raised $3,816,369, with strong support from existing shareholders and new institutional and professional investors.
Lead manager and underwriter Mahe Capital Pty Ltd received bids from institutional and professional investors in excess of the available shortfall.
To accommodate a portion of the excess demand, the company has agreed to undertake a placement on the same terms as the rights issue, to raise an additional $700,000 as a follow-on.
Cellmid Ltd seeks to raise up to $3 8 million via rights issue to fund Chinese distribution agreements for consumer health products proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.