Little Green Pharma: Secures commitments for $6m capital raise

Little Green Pharma Secures commitments for $6m capital raise

• Little Green Pharma (LGP) secures firm commitments for a $4 million placement to accelerate its European and Australian sales
• Under the placement, the company will issue shares at 20 cents each, together with a free-attaching unlisted option issued on a one-for-one basis
• The placement also received commitments for a further $200,000 from the company’s board and executive
• It comes in conjunction with a $2 million share purchase plan, which will see eligible shareholders invited to subscribe for up to $30,000 worth of shares
• Little GreenPharma is down 10.4 per cent and trading at 21.5 cents at 2:38 pm AEDT