OBJ: Raising $4.5M for product development and licencing
- Innovative wellness company OBJ (OBJ) is aiming to raise $4.5 million through an entitlement offer and placement
- Then the entitlement offer is aiming to raise over $3 million, offering shares for 10 cents each
- Under the placement, the company is aiming to raise $1.5 million, which will need shareholder approval to proceed
- This capital raising will provide OBJ with an excellent foundation to pursue its objectives,” Chairman Tony Varano said
- Funds will used for licencing, development and general working capital
- OBJ shares currently suspended, las trading for 1.5 cents per share at October 28, 2019
