Moa secures mystery investor in $5.5m capital raising

Tue, 07 Apr 2020

Moa Group wants to raise up to $5.5 million to shore up its balance sheet for the next financial year amid ongoing uncertainty for its hospitality business due to covid-19. The beer maker turned restaurateur said it wants to raise $5.5 million at 14 cents per share, made up of $2.5 million for 17,857,143 new shares to a new cornerstone investor. It also plans a one-for-five rights issue to raise another $3 million. Under the deal, the anonymous investor will take up its full entitlements under the rights issue for another $480,000 wor...

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