TruScreen secures NZ$2.3m in initial share placement
TruScreen Group Limited (NZX:TRU) announced it has secured NZ$2,354,750 before costs, through an initial placement of 107,034,091 shares priced at NZ$0.022/A$0.02 per share. Approximately 80.9 million of these shares will be issued under the company's existing 15% placement capacity, with the remainder subject to shareholder approval at a meeting scheduled for July 11, 2025. In addition, the company will issue one free attaching option for each new share, exercisable at NZ$0.022, with an expiry date of one year from the issue date, also subject to shareholder approval on July 11, 2025. A Share Purchase Plan (SPP) will also be open to eligible shareholders, allowing them to purchase up to NZ$50,000 worth of new shares at a price of NZ$0.022 per SPP Share, or a 2.5% discount to the VWAP.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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