Hydrocarbon Dynamics (AU:HCD) has released an update.
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Hydrocarbon Dynamics Limited (HCD) is set to raise approximately $800,000 through a 1 for 3 non-renounceable Rights Issue at 0.3 cents per share, including free options, underwritten by Peloton Capital. The funds are aimed to support the marketing of HCD’s Multi-Flow® product and invest in energy technology opportunities. Shareholders have the chance to apply for additional shares if available, with important company figures also committing to substantial investments.
For further insights into AU:HCD stock, check out TipRanks’ Stock Analysis page.