PhosCo Ltd ( (AU:PHO) ) just unveiled an update.
PhosCo Ltd announced the successful closure of its Entitlement and Oversubscriptions Offers, raising over $1.47 million. Despite a shortfall in shares, the company is working with underwriters to allocate these shares. The capital raised will support PhosCo’s ambitions to expand its presence in the global fertiliser market. Additionally, the company will issue new shares and options as part of a capital raising event and appoint Sam Lancuba, a seasoned expert in the fertiliser industry, as a Non-Executive Director to strengthen its board.
More about PhosCo Ltd
PhosCo Ltd operates in the global fertiliser industry, focusing on the production and supply of critical fertilisers such as phosphate. The company aims to become a leading global fertiliser supplier, leveraging projects like the Gasaat to meet growing global demand.
YTD Price Performance: -5.00%
Average Trading Volume: 140,111
Technical Sentiment Signal: Hold
Current Market Cap: A$22.04M
See more data about PHO stock on TipRanks’ Stock Analysis page.