Highlights
-- Altech to raise $3 million through a placement to sophisticated and professional investors
-- Followed by $12.8 million via a pro-rata entitlement offer to existing eligible shareholders
-- Total capital raising of up to approximately $15.8 million
-- Proposed entitlement offer to be partially underwritten for $6,700,000 by Altech’s largest shareholders, Deutsche Balaton Aktiengesellschaft and Delphi Unternehmensberatung Aktiengesellschaft.
-- Funds will be used to further progress the CERENERGY® and Silumina AnodesTM Projects
Altech Batteries Limited (Altech/Company) (ASX: ATC) (FRA: A3Y) is pleased to announce a total capital raising of up to approximately $15.8 million, comprising the issue of up to 226,560,014 fully paid ordinary shares in the capital of the Company (Shares) at an issue price of $0.07 per Share (“Capital Raising”).
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