CBL International Limited (BANL) has released an update.
CBL International Limited has successfully completed a $1.375 million private placement aimed at expanding its port network and advancing its alternative energy and biofuel projects. This strategic move, backed by investor confidence, will provide the necessary capital for the Asia-Pacific marine fuel logistic company to fund future acquisitions and general corporate initiatives. The issuance of 2.5 million shares will also accompany efforts to file a registration statement with the SEC to facilitate the long-term growth of the company.
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