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0.9¢ affinity energy and health limited

Huh? Where was mention of the Uruguay stuff in their Funding and...

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Surandy70

6,736 Posts.

122

31/01/18

21:41

Post #: 30718147
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Post-quarter end, the Company announced a capital raising of A$2.5 million (“the Placement”) at $0.04 a share to be utilised to advance the ongoing roll out of Company’s Uruguayan partner, Australian cannabis operations (once licenced) and key developments for the Company’s state of the art algae plant in Atlanta in respect of product sales for the human nutraceutical market.

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Huh?

Where was mention of the Uruguay stuff in their Funding and Operational Update?

Perhaps that was where the missing $204k is going.....

The anticipated use of funds (after deducting raising costs) is as follows:
o Algae Energy (Atlanta) - Product Development Costs $2.006m
o Medicinal Cannabis License Australia - Associated Costs $0.165m
o Algae Energy (Atlanta) - Debt Reduction $0.125m
o Total $2.296m

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AEB Price at posting: 3.5¢ Sentiment: Sell Disclosure: Not Held
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