Brief: Orbital Corporation UAV Launches Renounceable Entitlement Issue
19/10/2021 02:02
Oct 19 (Reuters) - Orbital Corporation Ltd OEC.AX :
* ORBITAL UAV LAUNCHES RENOUNCEABLE ENTITLEMENT ISSUE
* RENOUNCEABLE ENTITLEMENT ISSUE TO RAISE UP TO A$6.5M
* RENOUNCEABLE ENTITLEMENT OFFER AT AN ISSUE PRICE OF A$0.50
PER
NEW SHARE
* FUNDS ARE PROPOSED TO BE DIRECTED TOWARDS NEW AND EXISTING
CONTRACTED ENGINE DEVELOPMENT PROGRAMS, AMONG OTHER THINGS
Source text for Eikon: ID:nASX25Vnd6
Further company coverage: OEC.AX
((Reuters.Briefs@thomsonreuters.com;))
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