HeraMED Completes $4m private placement
- HeraMED (HMD) completes a $4 million private placement to fund early commercialisation initiatives
- The money was raised via the issue of around 30.77 million new ordinary shares priced at 13 cents each – a 13.3 per cent discount to its last closing price
- Investors participating in the placement will be allocated an attaching unlisted option on a one-for-three basis at a strike price of 22 cents per share
- Funds from the raising will go towards working capital and further development work on the Hera MED technology platform
- The company last traded at 15 cents at 3:30 pm AEST
