SUCCESSFUL COMPLETION OF ENTITLEMENT OFFER
Redflow Limited (Company) today announced the successful completion of 1 for 1 fully underwritten non-renounceable pro-rata entitlement offer (Entitlement Offer) at 6 cents per share raising $4.9 million.
The Company received acceptances to raise approximately $3.0 million. The offer was fully underwritten with the shortfall taken up by sub-underwriters of RBS Morgans Corporate Limited under the underwriting agreement.
The capital raising will enable the Company to take advantage of market opportunities by continuing to invest in developing on its strategy as outlined by our CEO Chris Winter in the Entitlement Offer Booklet. See Offer Booklet.
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