$69 postpage LB

Volt Power Announces $0.75M Placement and ECM Shareholding Sell down

  • November 18, 2019 01:30 PM AEDT
  • Team Kalkine

Volt Power Group Limited (ASX: VPR) notified that after the appointment of administrators to its largest shareholder, ECM, commitments have been received from VPR’s existing shareholders and sophisticated investors (including the Board) to acquire ECM’s 2,000,000,000 Volt Shares for a total value of $450k:

Gold MTF non-AMP

  • The Board has also secured sophisticated investor commitments for a $0.75 million capital raising for working capital purposes, in anticipation of the fleet expansion potential of its EcoQuip Mobile Solar Light & Communications Tower and Wescone crushing equipment businesses.
  • VPR will issue 750,000,000 new Volt Shares under its existing 15% placement capacity at an issue price of $0.001/share to complete the capital raising.
  • The ECM Sell Down and capital raising are expected to be completed by 25 November 2019.

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK