Brief: Amaero International Announces Fully Underwritten Renounceable Entitlement Offer

Amaero

01/11/2022 24:43

Nov 1 (Reuters) - Amaero International Ltd  3DA.AX :
    * FULLY UNDERWRITTEN RENOUNCEABLE ENTITLEMENT OFFER TO RAISE
UP TO
A$10.5 MILLION, PRICED AT A$0.067 PER SHARE
    * HANK HOLLAND ASSUMED ROLE OF CHAIRMAN AND CHIEF EXECUTIVE
OFFICER
    * FUNDS RAISED WILL BE USED FOR RESTRUCTURING COSTS, AMONG
OTHERS
    * SIGNED NON-BINDING TERM SHEET TO FORM A JOINT VENTURE WITH
TECHNOLOGY HOLDING
    * JOINT VENTURE FOR PRODUCTION OF TITANIUM, ALUMINIUM AND
SUPER
ALLOY POWDERS IN UAE

Source text for Eikon:  ID:nASX9LTz08 
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