Alexium International Group Limited (AU:AJX) has released an update.
Alexium International Group Limited has announced a non-renounceable rights issue to raise up to $3,498,466 before costs, with the aim of accelerating growth initiatives in materials cooling and flame-retardant technologies, in addition to bolstering general working capital. The offer is underwritten by Colinton Capital Partners Pty Ltd and Wentworth Williamson Management Pty Ltd and is part of a broader refinancing transaction. However, shareholders outside Australia and New Zealand will not be eligible to participate due to the costs of compliance in other jurisdictions.
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