- Real Energy (RLE) has closed its oversubscribed share purchase plan (SPP) and has raised $650,000
- Given the strong support, Real Energy decided to increase the SPP from the original $200,000 to $650,000
- Despite this, and even closing the plan early, the company still received 150 applications totalling over $1.03 million
- Shares will be issued at two cents and participants will also receive half an option for every share subscribed
- These options will be exercisable at four cents with expiry on September 30, 2022
- Real Energy has ended the day 4.35 per cent in the green with shares trading for 2.4 cents each
Real Energy: Closes SPP, raises $650,000
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