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BRIEF-Avenira says it will raise $2.5 mln from share purchase plan

Published 16/05/2017, 08:42 am
BRIEF-Avenira says it will raise $2.5 mln from share purchase plan

May 16 (Reuters) - Avenira Ltd AEV.AX :

* Will raise full $2.5 million from share purchase plan

* Funds received will be used by company for ongoing ramp-up and further enhancements of Baobab Phosphate project

* Agrifields DMCC has committed to subscribe for 27.8 million ordinary shares not subscribed for by shareholders under SPP for $0.084 per share Source text for Eikon: Further company coverage: AEV.AX

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