Austco Healthcare Limited (ACN 108 208 760) (ASX: AHC) (Austco or the Company) is pleased to announce that it has received binding commitments for a placement of 37,297,297 ordinary shares to sophisticated and professional investors (the Placement) at an issue price of $0.185 per share to raise $6.9 million.
In conjunction with the Placement, the Board of AHC is also pleased to announce the launch of a 1 for 22 pro rata, non-renounceable entitlement offer to Eligible Shareholders (Entitlement Offer) to raise up to
approximately $2.82 million.
Please find the full press release here.
