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Carbonxt Group - Successful Placement of Entitlement Offer Shortfall

Carbonxt Group Limited (Carbonxt or the Company) is pleased to announce that it has been approached by Sanlam Private Wealth and Sixty-Two Capital to manage the shortfall from the recently completed nonrenounceable pro-rata entitlement offer (see ASX release 18 June 2021). The shortfall placement consists of 6,940,297 ordinary shares at $0.15 and 3,470,149 attached listed options with a strike price of $0.24 (ASX:CG1O), raising $1,041,044.

Sanlam Private Wealth and Sixty-Two Capital have acted as Joint Lead Managers for the placement.

The placement of shortfall improves Carbonxt’s cash position to $3m, and is cornerstoned by Sixty-Two Capital, contributing $500,000 of the total shortfall amount.

For more information, download the attached PDF.

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