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OBJ: Raising $4.5M for product development and licencing

OBJ: Raising $4.5M for product development and licencing

  • Innovative wellness company OBJ (OBJ) is aiming to raise $4.5 million through an entitlement offer and placement
  • Then the entitlement offer is aiming to raise over $3 million, offering shares for 10 cents each
  • Under the placement, the company is aiming to raise $1.5 million, which will need shareholder approval to proceed
  • This capital raising will provide OBJ with an excellent foundation to pursue its objectives,” Chairman Tony Varano said
  • Funds will used for licencing, development and general working capital
  • OBJ shares currently suspended, las trading for 1.5 cents per share at October 28, 2019

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