Greatcell Solar sets out to raise close to $4 million

GreatCell Solar (formerly Dyesol), has announced a $5 million AUD (almost $4 million USD) share purchase plan to raise funds to continue work on technology scale-up, testing and accreditation, equipment procurement and facilities fit-out, as well as for general working capital purposes.

Greatcell is offering eligible shareholders the opportunity to purchase fully paid ordinary shares (New Shares) at an issue price of $0.18 per New Share, which is a discount of approximately 13.5% to the volume weighted average price of Greatcell's shares on the ASX during the 5 trading days immediately prior to today. All New Shares will be quoted on ASX and will rank equally with other fully paid ordinary shares on issue.

Posted: Jul 30,2017 by Roni Peleg