Promisia Healthcare has announced plans to undertake a capital raise in July 2024.
The aged care and retirement living provider will raise funds through a combination of placements and a share purchase plan.
The capital raise will be offered to all shareholders, with the board setting the offer price at $0.001 per share.
A minimum of $3 million is set to be raised, with the board having the discretion to accept oversubscriptions of up to $1m.
Shareholders who participate in the offer will also be offered one warrant for every share acquired, allowing them the right to subscribe for one additional ordinary share at a later date.
The share purchase plan is scheduled to open on July 11 2024, with a record date of July 10 2024.
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