Brief: Pentanet Secures Binding Commitments To Raise A$6.1 Million

Pentanet

17/04/2023 02:10

April 17 (Reuters) - Pentanet Ltd  5GG.AX :
    * SECURES BINDING COMMITMENTS TO RAISE A$6.1 MILLION
    * SHARE PURCHASE PLAN OFFER WILL FOLLOW TO RAISE UP TO A$2.5
MILLION
    * ISSUE PRICE OF A$0.083 PER SHARE
    * FUNDS RAISED BY CO SHOULD ENABLE IT TO REACH OPERATING
BREAK-EVEN AND CASH FLOW POSITIVE
    * PROCEEDS OF PLACEMENT AND SHARE PURCHASE PLAN WILL BE
APPLIED
TOWARDS TELECOMMUNICATIONS INFRASTRUCTURE, OTHERS

Source text for Eikon:  ID:nASX3PGxpS 
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