Cardia Bioplastics Limited (ACN 064 755 237) (“Cardia” or “the Company”) is pleased to announce that the
Company has made a placement of 50 million new ordinary shares (“Shares”) at an issue price of $0.002 per
Share to a professional investor to raise gross proceeds of $100,000 (“Placement”).
In addition to the Placement, Cardia will make offers today to eligible shareholders with registered addresses in Australia and New Zealand who held shares in the Company at 5.00pm (AEDT) on 2 December 2014 (“Eligible Shareholders”) the opportunity to subscribe for Shares at an issue price of $0.002 through a share purchase plan (“SPP”) (“Offer”). The issue price is the volume weighted average market price for existing shares on issue, calculated over the last 5 days on which sales in the shares were recorded before 3 December 2014.
CNN Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
