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Diversa Ltd Announces Capital Raising To Fund Continued Growth Of Diversa


Tuesday, 24 Sep 2013 07:49pm EDT 

Diversa Ltd announced that it has received firm commitments for a capital raising by way of the placement of 41.7 million ordinary shares at a price of $0.03 per share to professional and sophisticated investors, and directors and executives of the Company to raise $1.25 million (Placement). Bizzell Capital Partners Pty Ltd, an entity associated with Stephen Bizzell a director of Diversa, acted as lead manager to the Placement. Proceeds from the Placement will be used to complete integration activities, drive growth initiatives and provide working capital. New shares issued under the Placement will rank equally with existing shares on issue. 

Company Quote

0.03
0.0010 +3.45%
31 Jul 2014