NSL Consolidated Limited (Company, ASX: NSL), is pleased to update the market regarding a $5 million strategic equity investment by a large Australian financial institution, First Samuel. The strategic investment is at a 9% premium to the last close price and 30 day VWAP, being $0.025 per share. The Company will issue a total of 200 million shares to First Samuel.
First Samuel complete $5 million strategic equity investment into NSL.
Investment at a 9% premium to last closing and 30 day volume weighted average prices.
First Samuel currently hold more than $600 million in funds under management and invest on a long term basis, being 5-7 years.
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