Calmer Co International Announces $2.2 Million Entitlement Offer

Fiji Kava Limited ( (AU:CCO) ) has shared an announcement.

The Calmer Co International Ltd, a company listed on the ASX, has announced a renounceable entitlement offer to raise up to $2.2 million. This offer allows eligible shareholders to subscribe for two new shares for every seven existing shares at a price of $0.003 per share, which is a 50% discount to the last traded price. Additionally, shareholders will receive one free option for every two new shares, with an exercise price of $0.006 and an expiration date of June 30, 2026. The funds raised will be used to expand inventory, upgrade manufacturing equipment, and support marketing activities in Australia and the USA, as well as for new product launches and general working capital.

More about Fiji Kava Limited

Technical Sentiment Signal: Buy

Current Market Cap: A$15.32M

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