Beskrivning
| Land | Australien |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
2023-11-24 00:09:12
[ADELAIDE], 24 NOVEMBER 2023
Highlights:
o Clean Seas has successfully completed a ~A$9.5 million non-underwritten
two-tranche placement in conjunction with the undertaking of an operational
review.
o The placement will settle in two tranches: ~A$6.7 million on 1 December 2023
and ~$A$2.8 million on 17 January 2024 following an EGM (if approved).
o The Company seeks to drive operational efficiencies by offsetting input cost
pressures currently being faced in the global environment and to create a more
stable and resilient business.
o Funding will be used for working capital to facilitate the right sizing of the
business operations and to execute on other key focus areas of the operational
review.
o Tranche 2 of the placement is subject to shareholder approval. As part of
Tranche 2, Clean Seas' largest shareholder Bonafide Wealth Management, has
subscribed for A$1.0 million and directors & management have committed to
subscribe for a further ~A$0.1 million.
The full announcement is attached below
Authorised for release by the Board of Clean Seas Seafood Limited.
For further information please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au