AFT Pharmaceuticals Announces Capital Raising

  • Jun 10, 2020 NZST
  • Team Kalkine
AFT Pharmaceuticals Announces Capital Raising

AFT Pharmaceuticals Limited (NZX:AFT), CRG and Atkinson Family Trust has declared to raise capital to reduce debt and increase liquidity.

The underwritten placement which will be undertaken by the company comprises of:

  • a primary placement which shall raise about NZ$ 10 million by issuing new shares in the company;
  • a secondary sale of about 16 million current shares by CRG and about NZ$ 3.5 million worth of shares by AF Trust.

 


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