RedFlow Limited (Company) successfully completed its two for seven non-renounceable entitlement offer (Entitlement Offer) to existing shareholders of the company at an offer price of $0.11 per share to raise approximately $6.06 million.
The offer opened on Thursday 5 June 2014 and close at 5pm (AEST) on Thursday 19 June 2014.
The Entitlement Offer was heavily supported by shareholders and the Company received demand significantly in excess of the total number of new shares available. Valid applications for new shares totalled approximately $8.21 million resulting in oversubscriptions of approximately $2.15 million …
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