Epsilon Healthcare Secures commitments for $1.65m placement
- Epsilon Healthcare (EPN) secures firm commitments for a $1.65 million placement to further expand activity at its domestic medicinal cannabis operations
- The placement will see shares up for grabs at 2.7 cents each, representing a 16 per cent discount to the last closing price
- Subject to shareholder and regulatory approval, participants will receive three options for every four shares issued, exercisable at five cents with expiry three years from issue
- EPN says the cash injection will support its Southport Facility to fund the working capital and inventory ramp up aligned with its expanding operations and customer base
- EpsilonHealthcare is down 15.2 per cent to trade at 2.8 cents at 2:08 pm AEST
