Regeneus Ltd (ASX: RGS) is pleased to announce that it has successfully completed a $3,000,000 capital raising through a private placement with institutional and sophisticated investors. The capital raising was fully subscribed.
The Chairman and CEO participated in the placement for an aggregate of $200,000 of shares. As required under ASX Listing Rules, the shares subscribed for by the Directors will be issued subject to shareholder approval at the company’s upcoming Annual General Meeting scheduled for October.
As announced, a Share Purchase Plan (SPP) will be offered to existing shareholders providing the ability to subscribe for up to $15,000 worth of Regeneus fully paid ordinary shares to raise up to $3,000,000. Full details of the SPP will be released to the market on Monday 18 August 2014.
On behalf of the Board, we would like to thank all our institutional and sophisticated investors for their support in this placement.
The placement was lead managed by Peloton Capital.