Pure Foods Tasmania Announces Capital Raise

Pure Foods Tasmania Ltd. (AU:PFT) has released an update.

Pure Foods Tasmania Ltd has launched a new share offering, aiming to raise A$2.2 million by offering existing shareholders one new share for every two held, at A$0.04 each. The offer is non-renounceable and non-underwritten, with a maximum issuance of approximately 55.1 million shares. This strategic move intends to increase the company’s capital without significantly altering existing shareholders’ control.

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