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Offer closes oversubscribed and raises $10.8 million
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Placement to raise additional $0.25 million
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Significant support from shareholders, including Galaxy
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LOH-Max™ development work to commence immediately
Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to advise that the Renounceable Entitlements Offer announced on 7 May 2019 (the “Offer”) has been well supported by the Company’s shareholders and new investors and closed oversubscribed.
The Company has raised $10.8 million (before costs) and will issue 372,908,354 new shares and 186,454,177 new options in accordance with the Offer timetable. The new options will be listed under the ASX code LPDOB.
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