Powerhouse Ventures Ltd. (AU:PVL) has released an update.
Site Group International Limited has successfully raised $800,000 through a share placement to expand its training services in the Middle East and for general working capital. Powerhouse Ventures Ltd. arranged the placement, contributing a cornerstone investment of $300,000, with additional debt-to-equity conversion also bolstering Site’s financial position. A Share Purchase Plan will also be offered to eligible shareholders to further participate in the company’s growth.
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