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FijiKava: Raises $2.67m via SPP

FijiKava Raises $2.67m via SPP

  • Australian-Fijian health and wellness company FijiKava (FIJ) raises more than $2.67 million via its share purchase plan (SPP)
  • The company received subscriptions from 205 shareholders for more than 33.48 million shares which were priced at 8 cents each
  • A few weeks ago, FijiKva announced it was aiming to raise up to $3.5 million under the plan to increase operational capacity at its Fiji facility and for US operations
  • Shares are expected to be allocated on December 1
  • The company is down 3.23 per cent on the market with shares trading at 9 cents
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