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NSL Consolidated announces Strategic Investment by Cornerstone Investor

HIGHLIGHTS

  • 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.
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.

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