Pure Foods Tasmania Raises AU$471,903 via First-Tranche Entitlement Offer

MT Newswires Live06-03

Pure Foods Tasmania (ASX:PFT) raised approximately AU$471,903 following the completion of the initial tranche of its entitlement offer, according to a May 31 filing with the Australian bourse.

The company received eligible acceptances of 11,797,576 new shares, to be allotted today, June 3, compared with the offer's target of 55,147,356. The company has the right to issue the shortfall of 43,349,780 shares, equivalent to approximately AU$1,733,991, to eligible shareholders who were provided offers, the filing said.

The board will determine the allocation of any shortfall shares expected to be completed by June 30.

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