Bubs Australia Completes Placement of $30 Million

  • Dec 06, 2019 AEDT
  • Team Kalkine

Bubs Australia Limited (ASX: BUB) has successfully completed the share placement and raised $30 million at $0.95 per share from professional, sophisticated and institutional investors in Australia and internationally.

  • The funds will be used to improve the company’s financial flexibility to take advantage of future growth opportunities;
  • About 31 million new shares will be issued under the Placement and it will rank equally with existing Bubs Australia shares.

At AEST 01:24PM, the stock was trading at $0.995 per share, down by 7.009% from its previous close.

 

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