FinTechFunding

Almonty Industries: Successfully completes $3.5 million raise

Almonty Industries Successfully completes $3.5 million raise

  • Almonty Industries (AII) raises $3.5 million via a share placement to fund the repayment of a convertible note, general working capital and other costs
  • The company has received “firm commitments” from existing Australian institutional investors to issue more than 4.8 million chess depository interests (CDIs) at 72 cents
  • Each placement participant will be issued one free unlisted option for every one CDI purchased, exercisable at $1.25 with an expiry date of December 31, 2024
  • The placement CDIs and options are expected to settle on March 27, 2023
  • Shares in AII are trading at 72 cents at 12:31 pm AEDT
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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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