Suvo is raising approximately A$1.5* million via:
- A placement under the Company’s existing placement capacity in accordance with ASX Listing Rule 7.1 & 7.1A (“Placement” or the “Offer”).
The Offer will be set at an Offer Price of A$0.048 per new share and will result in the issuance of approximately 31.25 million new fully paid ordinary shares in the Issuer (“New Shares”).
New Shares will be offered under the Placement with one free attaching option for every two New Shares issued (“Attaching Options”) under the company’s existing LR 7.1 placement capacity.
Lead Manager: Bell Potter Securities Limited