Australian Vintage Ltd (AU:AVG) has released an update.
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Australian Vintage Ltd successfully raised approximately $45 million in total incremental capital, aiming to amplify liquidity and financial flexibility for future growth and the execution of its Strategic Plan. The capital was sourced through a Retail Entitlement Offer, which contributed about $0.37 million, and was supplemented by funds from a Placement and Institutional Entitlement Offer and debt facility initiatives. The new shares from the Retail Entitlement Offer will start trading on 10 July 2024.
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