- Wastewater tech company Parkway Minerals (PWN) has successfully raised just over $5 million to fund growth initiatives
- The company issued over 291 million shares for 1.8 cents each, a 2.23 per cent discount to the 30-day volume-weighted average price
- Under the placement, shares will also issued with free attaching unlisted options on a one-for-two basis at an exercise price of 3 cents each
- With the funds from the placement, Parkway is expecting to have a cash balance of around $8.2 million
- The strong funding position will also allow the company to speed up a number of growth initiatives, such as the establishment of products and services division
- Parkway is down 8.33 per cent on the market this morning and is trading at 2.2 cents per share
