Keytone Announced Capital Raising of $12.5 Million to Fast-track Growth Initiatives

May 11, 2020 12:13 PM AEST
Team Kalkine

Keytone Dairy Corporation Limited (ASX:KTD) disclosed a Placement to raise $12.5 million and SPP to raise up to nearly $2.5 million.

The Placement and SPP price shall be conducted at a per share price of $0.31, with 11.4% discount to its last close.

Moreover, the Company highlighted that the new shares issued under the Placement and SPP will rank similarly with the existing Keytone fully paid ordinary shares on issue.

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