Eden Innovations: Extends the closing date for its capital raise

Eden Innovations: Extends the closing date for its capital raise

• Eden Innovations has had to extend the closing date of its share purchase plan (SPP), citing COVID-19 related setbacks
• The new shares priced at 2.8 cents each, and the plan was due to close today, July 10
• Eden announced the SPP on June 19, with an aim to raise around $5M in capital through the issue of more than 178M new shares
• Eden said the extension due to the impact of COVID-19 and the closing date could be changed again
• In particular, the company blamed the re-introduction of lockdowns in Melbourne, which it said disrupted the Australian market
• The funds raised from the SPP will used to top-up the company’s working capital