Rlf Agtech raises $4.5m in equity placement

RLF AgTech (ASX:RLF) successfully secured A$4.5M through an equity placement. The placement involved issuing approximately 90.4 million new shares. Proceeds are earmarked for raw materials, capital expenditure and balance sheet improvement. The placement price was A$0.050 per share, representing a 15.3% discount. This discount is relative to the last closing price. Unified Capital Partners Pty Ltd managed the placement. Not applicable, there is no direct quote from a company spokesperson in the company announcement. The funds from the placement will bolster RLF AgTech's operational capabilities. The company will be able to invest in essential resources. These include raw materials and support infrastructure. According to the company, the newly issued shares will rank equally. They will rank pari passu with the company's existing shares.

The placement price was A$0.050 per share, representing a 15.3% discount. This discount is relative to the last closing price. Unified Capital Partners Pty Ltd managed the placement.

Not applicable, there is no direct quote from a company spokesperson in the company announcement.

The funds from the placement will bolster RLF AgTech's operational capabilities. The company will be able to invest in essential resources. These include raw materials and support infrastructure.

According to the company, the newly issued shares will rank equally. They will rank pari passu with the company's existing shares.