Wide Open Agriculture: Receives binding commitments for $3M placement
- Wide Open Agriculture (WOA) has received binding commitments from sophisticated and institutional investors to raise $3 million
- More than 11 million shares will issued at a price of 27 cents each
- Then the company’s largest and fourth largest shareholders took part in the placement to maintain their percentage holding in the company
- The money from this placement, together with existing cash reserves, will used to ensure that Wide Open Agriculture well funded execute its targeted growth strategy
- The company will now focus on accelerating domesticated overseas sales of regenerative meat, expanding and diversifying its product offering online
- Wide Open Agriculture has ended the day 22.7 per cent in the green with shares trading for 40.5 cents each
