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Cardia Bioplastics Ltd Announces Share Placement


Tuesday, 21 May 2013 08:23pm EDT 

Cardia Bioplastics Ltd announced that further to the announcement made on May 21, 2013, by it regarding a placement to raise $500,000, the settlement of the Placement has occurred. Terms of the Placement were: Issue of 200 Million fully paid ordinary shares at an issue price of $0.0025 per share with one free new option for every two new shares subscribed; New Options will have an exercise price of $0.0035 and an expiry date of 12 months from the date of issue; and New Options, once issued will be unlisted securities. Funds raised will be used for general working capital requirements of the Company. 

Company Quote

0.0035
0.0010 +16.67%
18 Sep 2014