- Wellfully (WFL) receives firm commitments to raise $130,000 through a placement to develop its RÉDUIT and Swisswell brands
- The company will issue a total of 2.6 million new shares to professional, sophisticated and section 708 exempt investors at a price of five cents each
- The funds will expand the commercial presence of its beauty brand, RÉDUIT, and complete its product range
- While over at its joint health brand, Swisswell, it plans to optimise the manufacturing process, extend its product range and establish a commercial foothold
- Shares are trading 16.7 per cent higher at 6.3 cents at market close
Wellfully (WFL) has received firm commitments to raise $130,000 through a placement to develop its RÉDUIT and Swisswell brands.
The company will issue a total of 2.6 million new shares to professional, sophisticated and section 708 exempt investors at a price of five cents each.
The shares are not subject to shareholder approval and will be placed under the company’s placement capacity.
The funds will expand the commercial presence of its beauty brand, RÉDUIT, and complete its product range.
While over at its joint health brand, Swisswell, it plans to optimise the manufacturing process, extend its product range and establish a commercial foothold.
In addition, the money will be directed towards the development of new and existing industry collaboration projects and working capital.
Shares were trading 16.7 per cent higher at 6.3 cents at market close.