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Carbon Conscious Ltd Announces Share Purchase Plan Offer


Tuesday, 29 Jan 2013 02:47am EST 

Carbon Conscious Ltd announced that it is to raise up to AUD 1,200,000 pursuant to the Carbon Conscious Limited Share Purchase Plan (Plan). In addition to the Plan, the Company will seek to raise an additional amount of up to AUD 300,000 via a placement to institutional and sophisticated investors (Placement). The Company expects to raise a total of up to AUD 1,500,000 under the Plan and the Placement. The proceeds of the Share offers will be used toward reducing debt by repaying AUD 1,000,000 of the convertible notes held by Aroona Management Pty Ltd. The balance of funds will be utilized to further the Company's activities in the carbon and energy efficiency markets, as well as for working capital purposes. 

Company Quote

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18 Dec 2014