Greenearth Energy Plans to Raise $3.7 Million From New Shares
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Greenearth Energy Ltd. plans to raise as much as AUD 3.6 million ($3.7 million) from a rights issue to fund renewable energy projects, the company said in a statement.
The non-renounceable 1 for 2 rights issue will be priced at AUD 8 cents per new share, Greenearth said. Shareholders who subscribe will also receive 1 non-listed option for every new share they subscribe at no cost, exercisable at AUD 5 cents each.