FinTechFunding

Real Energy: Closes SPP, raises $650,000

  • Real Energy (RLE) has closed its oversubscribed share purchase plan (SPP) and has raised $650,000
  • Given the strong support, Real Energy decided to increase the SPP from the original $200,000 to $650,000
  • Despite this, and even closing the plan early, the company still received 150 applications totalling over $1.03 million
  • Shares will be issued at two cents and participants will also receive half an option for every share subscribed
  • These options will be exercisable at four cents with expiry on September 30, 2022
  • Real Energy has ended the day 4.35 per cent in the green with shares trading for 2.4 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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