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Australian Natural Proteins Ltd Raises Initial $700,000 Investment

Monday, 25 Mar 2013 12:54am EDT 

Australian Natural Proteins Ltd announced that it has executed a placement agreement with Mr Wu Pun Yan for an initial $700,000 investment. This investment will allow the Company to begin acquiring fattened lambs from market in order to start meeting demand from existing identified end customers and represents the Company‚Äôs first step in its broader capital raising strategy aimed at expediting its ability to meet an increasing demand for lamb and mutton both domestically and internationally. Under the terms of the placement agreement Mr Wu will subscribe for 11,666,666 fully paid ordinary shares in AYB at an issue price of 6 cents per share to raise $700,000. 

Company Quote

-0.0040 -10.00%
11 Jun 2014