Brief: Propell Holdings Says Placement And Intention To Launch Entitlement Offer-Phl.Ax

Propell Holdings

13/04/2022 02:34

April 13 (Reuters) - Propell:
    * PLACEMENT AND INTENTION TO LAUNCH ENTITLEMENT OFFER-PHL.AX
    * RECEIVED FIRM COMMITMENTS FOR A PLACEMENT RAISING A$1.36
MILLION
AT A$0.058 PER SHARE
    * AN ENTITLEMENT OFFER UP TO A$2.22 MILLION IS PROPOSED TO
FOLLOW
PLACEMENT
    * FUNDS RAISED WILL SUPPORT COMPANY'S LENDING FACILITY,
AMONG
OTHERS

Source text for Eikon:  ID:nASX1mqCCm 
Further company coverage:  PHL.AX 

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